Going by the long life mines in their copper industry and that they are bring on new supply. Whilst this is all dependent on global demand & transition away from carbon but they also have a FTA with the USA !!
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/011524-chilean-copper-output-expects-fast-recovery-after-a-15-year-low-in-2023
https://www.miningnews.net/resourcestocks/resourcestocks/4194185/unique-project-chiles-emerging-copper-belt
What happens when supplies are reduced / restricted - see graph below:
https://en.macromicro.me/charts/943/lme-copper-warehouse-stock-vs-copper-price
Anyway, I still like ANX - they seem to be ahead of the pack with their bio-leaching extraction technology ..........
Going by the long life mines in their copper industry and that...
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $15.93M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.3¢ | $21.35K | 900.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 903646 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 220000 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| ANX (ASX) Chart |