In my view a copper price of US$6.00/Ib is required to stimulate much needed production via new exploration and new mines/processing plants. That price is so high because it is so expensive to bring a new copper mine into production and it also takes a long time. So US$6.00/Ib is the minimum required to compensate for risk and the time value of money.
ffm chart, page-64
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Last
73.5¢ |
Change
0.010(1.38%) |
Mkt cap ! $353.3M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 75.0¢ | 72.0¢ | $1.075M | 1.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12602 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 11629 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FFM (ASX) Chart |