Bumping this thread.
Found this tweet interesting.
Copper price tracking global liquidity.
Will be interesting to see the impact of China's central bank ramping up liquidity injections & monetary easing during 2024.
I'm not a fan of the great vampire squid, Goldman Sachs, however, they correctly called the end of the lithium bull market. Here is their latest take on copper.
US$10,000/t = US$4.54/lb (A$6.90/lb).
Cyprium is printing cash at this Cu price.
We've seen the uranium market explode in recent times - after being in the doldrums for a very long time.
The copper market is extremely undervalued and ripe for a bull market, especially once rate cuts hit.
The copper price proved remarkably resilient in 2023 & never collapsed as many doomsayers had predicted.
Bumping this thread. Found this tweet interesting. Copper price...
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Last
3.8¢ |
Change
-0.003(7.32%) |
Mkt cap ! $57.93M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.5¢ | $321.2K | 8.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 436747 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 128571 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.003 ( 7.32 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.5¢ | 5245002 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
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