LME cash copper rose another 1.2% to US$6810.75 per tonne, or $3.09 per pound. It is the highest price for the red metal since late June, 2018. Hedge fund futures contracts for copper are the most bullish in two years, with the Commodity Futures Trading Commission in New York reporting surging numbers of long positions. The rebound is showing strong resemblance to that which took place after the worst of the global financial crisis (GFC) of 2008-09. Back then, at the height of the GFC financial fallout, copper got as low as US$2,209/t but by early 2011 it went through US$10,000/t. VXR SP in 2011 was > $1 with no permits.
VXR Chart, page-78
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Last
$2.39 |
Change
0.020(0.84%) |
Mkt cap ! $579.9M | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.41 | $2.34 | $910.9K | 385.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8949 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 672 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.39 |
Change
0.020 ( 1.10 %) |
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| Open | High | Low | Volume | ||
| $2.39 | $2.42 | $2.34 | 87250 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| DVP (ASX) Chart |