MLX metals x limited
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Copper about to bounce HARD?, page-8

  1. Load
    3,576 Posts.
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    19/07/18
    22:05
    Post #: 34462809
    75c? lol. ITs was 95 two months ago., and 1.20 in Jan!

    The COPX index has held an average of ~26 for the last year, and copper has just sunk 10% from that. Its just a normal correction.

    As for future industry needs of copper one only has to look into the EV market. Last half of this article says it all.
    https://www.forbes.com/sites/greats...enter-stage-commodities-halftime-report-2018/

    The 23% decrease in output becuase of the broken conveyor will only affect perception for a short while, there is no reason why we should not be back to normal later on in 2018.
    Last edited by Load: 19/07/18
    MLX Price at posting: 63.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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