Copper price rally continues with surge to highest in 22 months
Here are 3 main points summarizing the copper rally:
- Supply Disruptions: Mine closures and disruptions have limited supply, while demand is rising due to recovering global manufacturing, especially in China. This mismatch is driving prices up.
- Investor Interest: Investors are turning to copper as a hedge against inflation and are betting on continued demand growth. This financial interest is pushing prices even higher.
- Smelter Pressure: Limited copper concentrate (partially processed ore) is squeezing smelter margins. This may lead to reduced refined copper production in the future, further tightening supply.
https://www.mining.com/web/coppers-run-continues-with-surge-to-highest-since-june-2022/
Copper Macro Thread, page-192
-
- There are more pages in this discussion • 176 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AW1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $59.59M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $34.01K | 295.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 765509 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 305480 | 5 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| AW1 (ASX) Chart |