CLA should bounce off support here. Assay results pending Copper price moving higher.
"Goldman believes copper will lead the way when it comes to the renewable energy revolution.“Copper has the necessary physical properties to transform and transmit these sources of energy to their useful final state, such as moving a vehicle or heating a home,” the bank said.“By mid-decade, this growth in green demand alone will match, and then quickly surpass, the incremental demand China generated during the 2000s.”Research estimates that by 2030, copper demand from the transition to cleaner energy will grow nearly 600% to 5.4 million tonnes as a base case scenario and 900% to 8.7Mt in the case of a “hyper-adoption” (or rapid uptake) of green technologies.Increased demand and likely low supply are set to drive the metal’s price upwards from current levels of around US$9,000/t (A$11,630/t) to US$15,000/t (A$19,385/t)."
