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Copper price on a heater last night saw some big gains move it...

  1. snicket
    3,899 Posts.
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    03/03/16
    09:22
    Post #: 17173053
    Copper price on a heater last night saw some big gains move it to $2.19 US a lb breaking resistance levels.

    Here is an interesting article - for those who don't want to read the whole thing basically the Codelco (world biggest copper producer) boss thinks copper prices will be around the $2 level for a couple of years but in 2018 we will see the metal go into deficit. Glencore thinks price has bottomed. Opinions are like arseholes but still a good read:

    http://www.mineweb.com/news/base-me...er-miner-says-rally-to-fade-as-gluts-persist/
    MNC Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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