Copper 12-month price target $10,000 per tonneWed. Feb 17th 2021
The two banks Goldman Sachs and Citi are doubling down on their bull calls for the copper market. Both banks have raised their 12-month price target to $10,000 per tonne, Goldman warning that copper may be heading for a period of “scarcity pricing”.
and a reminder on Excelsiors recent 'positive' announcement on Jan 28th 2021
Stephen Twyerould, President & CEO, said, "Copper sales are expected to steadily increase as we advance the Gunnison ramp-up towards full production. I congratulate our entire team, and in particular the SX-EW operations crew on achieving this notable milestone. Our SX-EW processing facility has been on care & maintenance for several years; therefore, the initial high quality of the Gunnison Project cathode is remarkable and reflects our commitment to achieving technical excellence throughout all aspects of our business."