All metal prices are getting pounded at the moment, zinc, copper,iron etc and even gold now.... some metal prices are already below production price... but the question is how long these metal prices stay at these low levels????? Are these huge developing countries china & india going to leave there cites half finished??? Dont think so...
I agree copper inventories have increased in the last few months but copper inventories are only 20% what they were 7-8years ago. so i cant call it a huge stockpile, that can disappear pretty quickly....
No company is going to sell any commodity below production cost for too long & we are close to those levels at the moment, most producing companies will have no choice but close down there production plants as they will be no longer profitable...World consumpstion will quickly outweigh production as not many producers will able to produce at very low cost....
- Forums
- ASX - By Stock
- PNA
- copper smashed massive pressure on pna
copper smashed massive pressure on pna, page-26
-
-
- There are more pages in this discussion • 4 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
Add PNA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online