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
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.41M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.6¢ | $76.83K | 2.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 376885 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 775512 | 11 |
View Market Depth
| Last trade - 11.16am 22/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
0.000 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.8¢ | 3.6¢ | 283770 | ||
| Last updated 11.36am 22/05/2024 ? | |||||
| CYM (ASX) Chart |