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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

Bullboard Posts
Post by Sogosohubidu201on Jan 13, 2020 10:18am
125 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