Buy stocks and copper says this major broker
Buy base metals, particularly copper
Citi likes copper for a few reasons:
As a result of the above, Citi’s commodity strategists believe that “everything below 9k is cheap for copper”. FYI, copper is currently trading around US$8,700/t.
- The global manufacturing PMI is turning up and copper “performs well” when this happens
- Copper tends to rise in line with equity market bubbles, like the one we’re in now, as the wealth effect from stocks tends to lift copper consumption
- The long term energy transition is creating structural shift towards increased copper consumption
Buy stocks and copper says this major broker Buy base metals,...
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Last
4.1¢ |
Change
0.004(10.8%) |
Mkt cap ! $62.51M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 4.2¢ | 3.6¢ | $672.7K | 17.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 237039 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 1717002 | 8 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
4.2¢ |
Change
0.004 ( 13.5 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 4.2¢ | 3.5¢ | 3748893 | ||
| Last updated 15.56pm 23/05/2024 ? | |||||
| CYM (ASX) Chart |