I believe the copper price fall last night was about USA putting sanctions on China and China putting sanctions on USA. This (according to the economists text books) will only result in higher prices due to supply chain issues and higher inflation then the blinkered reserve banks around the world will pull their one lever they have "interest rates" and raise the interest rates resulting in a global down turn and less demand for copper.
I haven't studied economics hence i am not a firm believer in Dr Copper being relevant in the days where copper demand is going to double due to the EV revolution. Copper is a buy, buy, buy IMO
When inflation goes up, the value of our copper in the ground also goes up
disclaimer: If China or Russia fires a bullet at any NATO state my above comments are irrelevant and the copper price will fall through the floor IMO.
I believe the copper price fall last night was about USA putting...
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Last
6.8¢ |
Change
-0.004(5.56%) |
Mkt cap ! $142.4M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Change
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| Last updated 15.57pm 14/06/2024 ? | |||||
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