This mine operation provides 2% of global supply so along with downgraded production forecasts through out Chile, Panama and Peru, the answer to your question is Yes.
Especially with demand set to increase as China ramps up industry post covid.
Increase demand x decreased supply= Rising commodity price
Assuming this was a rhetorical question
Copper Price news, page-1325
Add CYM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $62.51M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 4.0¢ | $126.4K | 3.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 2674996 | 9 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
|
|||||
|
Last
4.0¢ |
Change
0.001 ( 1.23 %) |
||||
| Open | High | Low | Volume | ||
| 4.0¢ | 4.1¢ | 4.0¢ | 423538 | ||
| Last updated 14.17pm 03/06/2024 ? | |||||
| CYM (ASX) Chart |