The red metal closed up more than 3.1% on the London Metal Exchange yesterday, to US$9,793.25 per tonne.
Floods in central China, especially in the industrial and transport hub city of Zhengzhou in Henan province, have raised supply concerns and demand for rebuilding damaged infrastructure, Reuters reported.
Copper up 7.7% last 7 days, supplies looking scarce demand for the red metal continues to increase.
This has to start to drive share prices. given Hammer’s increasing inventory JMT.
Good luck to all holders.
Cheers Aussie
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