Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development within the province of British Columbia, Canada and the State of Arizona, the United States. The Company’s principal property is the Gibraltar Mine, which is a copper-molybdenum mine that is located in south-central British Columbia. It also owns the Florence Copper, Yellowhead copper, New Prosperity and Aley properties. The Florence Copper property is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers northeast of Kamloops near Vavenby. The New Prosperity Project is a gold-copper porphyry, which is located in British Columbia. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie.


TSX:TKO - Post by User

Bullboard Posts
Post by Sogosohubidu201on Jan 13, 2020 10:18am
123 Views
Post# 30546047

Copper Price

Copper PriceCopper price in 2020 is, of course, anybody guess. 2018 average copper price was $2.97 per pound. 2019 average copper price was $2.72 per pound.

My guess the average copper price in 2020 may be around $2.8 per pound, slightly below the current level for the following reasons:

Chinese infrastructure building in 2020 is slowing down, which has the bigges copper usage.
Global car industry in 2020 may have zero or negative growth, which is the 2nd biggest copper user.

At the same time, copper investory is very low, which supports copper price

Green energy (solar wind powers) and EV are still a medium and long term story, which have little impact on the copper demand in 2020-2022.

All in all, copper price may rise to $3 per pound, but will drop back due to weak demand, and a uptrend in copper price could not be achieved in 2020. But copper price will be supported due to low inventory. Copper price will likely be traded side way.
Bullboard Posts