RE:RE:RE:RE:RE:I know that some have trouble understanding quinlash wrote: Spot price in copper has been doing a bumpy upward trend for awhile now. That indicates supply is slightly lower than demand. I am expecting demand to further increase as power grid upgrade projects start getting their funding to support EV infrastructure expansion.
In terms of NCU they need some additional cash to finish bringing the mine fully up to speed so we will have to see how that goes. In the meantime the mine is still operating and selling their ore at slightly better prices than before.
I'm content to hold, news of new backing or a decent surprise on next QTR report I'll be happy to add more, especially at current levels (+/-)
Any student of economics would understand the impact to price if either of the two inputs (supply vs demand) were to change.
Spotprices are seeing strength. Agrue if the demand is higher or the supply is lower. The net change in price is the same.
Money doesn't care about symantics.
Q