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Then why is copper at a five year high? ? ..It is a price cycle,...

  1. sircorp
    13,407 Posts.
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    26/01/21
    13:18
    Post #: 50447380
    Then why is copper at a five year high? ?
    ..
    It is a price cycle, same way as Gold makes peak every few years then retrace.
    ..
    Annual copper demand rises by 1.4% only, However in 2019, demand went down. (Chart attached)
    ..
    Copper Price has peaked. https://hotcopper.com.au/data/attachments/2842/2842553-59749c6b3b589838ca0634656edc8a49.jpg


    CCZ Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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