CHINA + Battery Metal Demand + Low rates = Copper $3.80 lbs HI all, keep a close watch on Copper this week as we start to move higher and higher. The Federal Reserve meeting will change nothing this coming week. Gold should continue to move back to $2000 lever. Honestly Copper is on its way higher as we get closer to October and my target is a high of $3.80 this year. I would like to see the price be more stable in the $3.40 a lbs range to end it in 2020. For now see the latest updates on China and what they are doing with copper. see link now https://www.mining.com/copper-price-rallies-as-chinese-scrap-shipments-sink-by-50/ Also for the demand in Battery and metal use this is becoming a strong support level for Copper price to move higher. see link https://oilprice.com/Latest-Energy-News/World-News/Copper-Prices-Are-Soaring-On-Growing-Battery-Metal-Demand.html Copper can be the number one metal this year with a low of $1.97 to $3.09 high in 2020. We are going to a new record high in the last 5 years. So for that hang on for Serengeti Resources news releases on Kwanika Copper Corp. Hope for the best. See link now on the Copper price for the latest futures...https://www.marketwatch.com/investing/future/copper?mod=mw_quote_switch.
cheers and good luck the rest of the week.