Copper now at $2.82 U.S./lb and climbing
This has an incredible amount of leverage to higher copper prices considering how discounted this is.
In the last month or so copper has moved from the $2.65 range to above $2.80 and showing very strong fundamentals with inventory depleting fast. In the meantime this has dropped continually and approaching its December low which is nuts.
Scotia selling agressively today for whatever reason. Tough to say how long the market can ignore fundamentals... Anyway I have been buying.
Cardboard