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Can somebody explain me why the warehouse levels are falling and...

  1. 4,625 Posts.
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    Can somebody explain me why the warehouse levels are falling and why one should buy today copper if he knows that the mining industry will oversupply the the demand in the years to come? With other words, why should one buy copper if he knows (like in the view of UBS) that in the next 2 years the CU price should fall to US$ 2.50 lb???

 
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Last
51.3¢
Change
-0.013(2.38%)
Mkt cap ! $296.8M
Open High Low Value Volume
52.0¢ 52.0¢ 50.5¢ $525.3K 1.021M

Buyers (Bids)

No. Vol. Price($)
9 113756 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
51.5¢ 66742 13
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Last trade - 10.55am 17/09/2025 (20 minute delay) ?
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