The industry has not seen a huge investment in new copper supply over the past few years, which means end users have been competing for the relatively scarce supplies of copper metal, leaving price as the arbiter of who receives this supply. Mine development is a long-term activity, so the copper market should be tight for some time.
Goldman Sachs believes a long-term copper price near US$10,000/tonne (US$4.54 per pound) is needed to incentivise necessary volume of probable copper projects. See post # 52517267
Unfortunately, the HAV share price still looks like it is priced for 'total catastrophic failure'.
Note: I expect to see copper prices >US$11,000 per tonne before the end of this calendar year.
From a technical perspective, a logical target for the bulls is the February 2011 high of US$4.6495 per pound.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.99M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 17.5¢ | $38.28K | 213.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48753 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 77972 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48753 | 0.175 |
6 | 111588 | 0.170 |
4 | 110784 | 0.165 |
4 | 150250 | 0.160 |
1 | 20000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 77972 | 1 |
0.190 | 20000 | 1 |
0.200 | 5000 | 1 |
0.250 | 2610 | 1 |
0.260 | 4100 | 1 |
Last trade - 14.39pm 13/09/2024 (20 minute delay) ? |
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