During March 2002, the month Havilah Resources NL (ASX: HAV) listed on the ASX, the spot copper price was US$0.745/lb.
The previous copper bull market took place between 2001 and 2011 and saw spot prices rise seven-fold, from US$0.60/lb to US$4.62/lb. The fundamentals today and into the future are even more bullish.
Note: "If you look at the copper price in real terms—say, divided by gold—it's actually been on a 20-year downtrend. We're at a lower copper price in real money terms than we were 20 years ago." [Merlin Marr-Johnson, CEO of Fitzroy Minerals Inc]
Food for thought.
Source: https://www.miningvisuals.com/post/charted-175-years-of-copper-s-epic-journey
Cheers
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.
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