Friedland warns of copper ‘crisis’ as mine costs soar While some...

Friedland warns of copper ‘crisis’ as mine costs soar

While some analysts see near-term respite for soft copper prices, developers need a sustained price gain to make long-term investment decisions. Last week, BMO Capital Markets and Citigroup analysts said copper prices may rise past the US$10,000/tonne (US$4.54/lb.) mark again in the near-term due to a Chinese smelter supply shortage and grid investments in China. Copper posted a record high of US$5.11/lb during May 2024.

https://www.mining.com/friedland-warns-of-copper-crisis-as-mine-costs-soar/


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These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.