The Copper price is rising toward the US$5/pd level again. One article I read said it could rise to US$9/pd with a shortage in supply expected to meet the increased demand with normal growth, and that associated with new technologies (e.g. EVs, AI/Data Centers, etc).
We are also seeing an significant increase in the M&A activities as per other articles (e.g. New World Resources - $185M Cash Takeover - 95.7% premium to its 30 day VWAP). Cygnus is way undervalued in comparison.
I thought I would also share an extract for an interesting read. Note: Ivanhoe Mines (Canadian Copper Giant) has shutdown its Kakula Copper Mine which is Africa's biggest copper mine, impacting the supply side in economic terms.
CY5 Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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