Based on the article "Dryblower on the political forces supercharging copper, gold and uranium" from MiningNews.Net...(13th May 2024):
Copper
- Demand is strong due to traditional uses (construction, transport, electronics) and new applications (electrification, AI).
- Supply is constrained by political issues (e.g., government intervention, mine closures) and rising production costs.
- The price is expected to stay strong, potentially reaching $12,000/tonne to incentivize new production. In a perfect storm scenario, it could reach $15,000/tonne.
Gold
- Demand is high due to safe-haven buying, particularly in China which is diversifying its reserves away from US dollars.
- Supply is steady but not growing.
- The price is expected to remain stable or potentially increase as US-China tensions persist.
Uranium
- Demand is rising due to a return to nuclear power and limited new supply.
- The US ban on Russian uranium (if enacted) would further tighten supply and increase prices.
- The price could reach $151/pound, a 64% increase from current levels.
Overall, the article suggests a bullish outlook for copper, gold, and uranium due to strong demand fundamentals and potential supply disruptions caused by political factors.Important note: This is just one article and doesn't represent the entire market picture. It's always wise to consult multiple sources and conduct your own research before making any investment decisions.
- Forums
- ASX - By Stock
- Copper Macro Thread
Based on the article "Dryblower on the political forces...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add AW1 (ASX) to my watchlist
|
|||||
Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $62.12M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $29.01K | 233.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 610214 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 724598 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 587214 | 0.120 |
7 | 589356 | 0.115 |
7 | 1659842 | 0.110 |
4 | 478648 | 0.105 |
4 | 702000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 724598 | 6 |
0.130 | 392095 | 8 |
0.135 | 1264640 | 9 |
0.140 | 593214 | 5 |
0.145 | 110849 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
AW1 (ASX) Chart |