is copper the new gold, maybe a good idea to have exposure to both, JK knows this well
from Afr today:
"Goldman Sachs and Citi believe copper prices can rally another 30 per cent, while Westpac sees iron ore dropping below $US90 a tonne.
Diverging prices for two of Australia’s key exports has triggered a rotation across commodity markets, with traders being told to abandon their love affair with iron ore and jump on the copper bandwagon.
Copper prices surged nearly 6 per cent last week and hit an 11-month high above $US9000 ($13,700) a tonne, fuelled by supply concerns at mines and smelters in China and optimism about a spike in demand for metals used in the energy transition and the booming artificial intelligence sector."
is copper the new gold, maybe a good idea to have exposure to...
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Last
$4.88 |
Change
0.100(2.09%) |
Mkt cap ! $9.707B | |||
| Open | High | Low | Value | Volume |
| $4.99 | $5.01 | $4.84 | $39.38M | 8.016M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17864 | $4.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.89 | 162298 | 8 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EVN (ASX) Chart |