A Decade of Commodities (2010-2019)
The table compares individual commodity returns between 2010 and 2019. You can use the interactive tool on the US Global Investors' website to toggle between various settings for the table of commodity returns, such as breaking them down by category (i.e. energy, precious metals, etc.), by best and worst performers, or by volatility over the time period.
Gold gained 18.3% to finish with the best return the yellow metal has seen in a decade. Precious metals now sit at multi-year highs against an interesting economic and geopolitical backdrop to start 2020.
Copper ended 2019 on a high note - the trigger for Doctor Copper’s resurgence was the announcement of a “Phase One” trade deal between the United States and China, which should be signed this week in Washington.
Copper Forecast LME Copper Cash Nominal Prices (2020-2035)
Not sure if you have seen this Roskill Consulting Group ('Roskill') report dated 23 October 2019 re: overview of the Copper market, including forecast on Copper prices [nominal] for the period 2020-2035. The Roskill report is included on pages 53-82 (27 pages) of the Cobre Limited Prospectus dated 6 December 2019. Roskill's Forecast LME Copper Cash Nominal Prices for the period 2020-2035 is set out in Table 1 on page 61 of the Cobre Limited Prospectus, link below:
"With strengthening demand in 2020 and 2021 Roskill expects the market to swing back into modest deficits of around 100kt and 225kt, respectively, pushing average LME cash prices up to US$6,225/t (US$2.82/lb)during 2020 and US$6,650/t (US$3.02/lb)during 2021.
Between 2021-2025 Roskill expects that prices might be expected to trade in a range between US$6,750-8,250/t (US$3.06-3.74/lb).
In the period from 2025-2030 Roskill foresees prices occupying a slightly higher and broader range from US$7,250- 9,000/t (US$3.29-4.08/lb).
And then towards the end of the forecast period, from 2030-2035, Roskill expects to see LME cash prices trade between US$7,500-9,750/t (US$3.40-4.42/lb)."
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
HAV Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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