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
3.5¢ |
Change
-0.002(4.17%) |
Mkt cap ! $52.60M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.3¢ | $176.0K | 5.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 886041 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 62655 | 2 |
View Market Depth
| Last trade - 11.38am 13/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.3¢ | 1959794 | ||
| Last updated 11.42am 13/05/2024 ? | |||||
| CYM (ASX) Chart |