"Copper has climbed 49 percent this year on the London Metal Exchange on speculation the worst of the global recession has passed. China’s imports of the metal jumped 71 percent to 451,438 tons in the first two months from a year ago, customs data showed."
Aditya Birla Minerals is the only sole copper producer on the exchange and as a result, will benefit most from the surging price of copper.
In addition to this, the esperanza south mine (Mt Gordon) may be taken off care and maintenance because the company was waiting for an upturn in the market.
Looking at the chart, all my boxes are checked. Hence my subject title - Let the cop chase begin lol.
ABY Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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