Things beginning to look very encouraging for OZL now. BofA...

Things beginning to look very encouraging for OZL now. BofA released this note on copper. There's nothing like higher selling prices to boost company returns. I reckon the infrastructure play is going to be the most profitable post-covid as govts try and get people back to work. GLTA,

"Benchmark London copper climbed 0.5% at $5,835/ton for a gain of nearly 1% this week, a third above its March lows and edging closer to January's pre-COVID high of $6,343/ton.Copper could rise another 10% to $6,500/ton, as governments keep increasing fiscal stimulus to stem economic damage caused by coronavirus shutdowns, Bank of America analysts say."While a host of risks persist, including a second wave of infections, we remain constructive copper into year-end and see scope for the red metal to rise to $6,500/ton ($2.95/lb)," BofA writes.