IMO, seeing as the chinese have been ordered off copper to try to reduce pollution and to drive the price down, however once the olympics are over and things get back into full swing then its a different ball game.
the following is an extract from minesite.com
"...Chinese buyers have lately stayed out of the copper markets - overall between January and July Chinese copper imports fell 12 per cent. It’s widely held that, at a high level, the Chinese authorities encouraged buyers to stay away from copper to try to leverage the price down. That’s not a sustainable position, and the Chinese will have to come back into the market at some stage..."
with production about to start and the price of copper set to rise, we have everything to gain.
the world is our burritto.
IMO, seeing as the chinese have been ordered off copper to try...
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Last
33.5¢ |
Change
-0.015(4.29%) |
Mkt cap ! $41.37M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 33.5¢ | $130.2K | 382.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3800 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 553 | 1 |
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| Last trade - 15.39pm 05/07/2024 (20 minute delay) ? |
| EQN (ASX) Chart |