it will break 26.5 today, page-10

I have just read a Duetch Bank commodities report (38 pages long) that says $1.50 for some period to squeeze out some over-production next year. PDF file so cannot post here. Read similar around the traps, basically Cu marginal cost of production is around USD$1.90-2 and it will probably trade at around 20%-30% below this just like Nickel, Zinc and Aluminium are trading below their marhinal costs of production right now.