When Russia invaded Ukraine in Feb 2022 the copper price was pushed down due to a whole myriad of reasons including uncertainty and inflation.
There are now very good reasons to suggest the war in Ukraine will be over much sooner than pundits initially thought and look what the copper price is doing now
Another confirmation that pundits believe the war in Ukraine will be over sooner than thought is the DJI and other exchanges.
Notice how the buildup of Russian forces late 2021and the invasion in 2022 effected world markets (DJI in this case).
Exchanges are forward looking and the Institutions who are the market makers on these exchanges have much better access to information than us normal punters.
In my optimistic view, Russia is going to have to concede to Ukraine (Ukraine may have to concede Crimea?) and Russia will have to pay $$$ MASSIVE restitution bringing more liquidity into the world economy (from the Russian state and the Oligarchs who have cupboards and yachts full of $$ Billions). In this case the copper price will continue its journey it was on in March 2022 when the world media was talking about reduced carbon emissions and green energy and copper for generation and transmission rather than the end of the world as we know it.
The price of copper back then was about $4.60 USD/lb
I believe there are great times ahead for copper miners
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