You're correct , what makes it worse is that Andre has NEVER bought a single share, he thinks AIS shareholders are suckers.
"Aeris is being punished because of a lack of trust in management caused by past errors not least the Round Oak acquisition. Just look at how much cash they wasted in FY’23."
Copper Prices Are Shooting for the Moon. Ignore the Noise About Meme Stocks.
The real moonshot rally is happening right now in copper prices
AI and China Are Taking Copper Prices Higher
The rapid proliferation of artificial intelligence has significantly increased the demand for copper, primarily due to its extensive use in data centers. These data centers, essential for cloud computing, big data processing, and AI algorithms, require substantial amounts of copper for electrical wiring and infrastructure. Bank of America notes that the growing need for AI capabilities has shifted focus toward copper usage in data center buildouts, which has contributed to the recent rise in copper prices. This surge in demand for copper in AI data centers is a key factor driving the overall increase in global copper consumption. And that won’t go away any time soon.
What about new supply? Good luck. Mining new copper and bringing it to market is a complex and challenging process due to several factors.
Firstly, the depletion of high-grade copper ores has necessitated mining lower-grade deposits, which are more costly and less efficient to extract. Additionally, environmental regulations and community opposition often delay or halt new mining projects. The capital-intensive nature of developing new mines, which can take over a decade from discovery to production, further complicates the process. Lastly, geopolitical risks and fluctuating market prices add layers of uncertainty, making the availability of new copper to the market a formidable challenge.
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $227.3M |
Open | High | Low | Value | Volume |
23.5¢ | 24.5¢ | 23.0¢ | $705.0K | 2.981M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 93258 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 60125 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 93258 | 0.235 |
8 | 286182 | 0.230 |
6 | 334361 | 0.225 |
5 | 324545 | 0.220 |
8 | 183250 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 60125 | 4 |
0.245 | 142175 | 5 |
0.250 | 127150 | 6 |
0.255 | 276052 | 11 |
0.260 | 201158 | 6 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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AIS (ASX) Chart |