RE:Could copper see 25 $ per pound ??? ABSOLUTELYWell, the consensus is if the USD continues a likely trend to weaken, supported by the FED looking to assist exports and domestic manufacturing, then commodity prices in general, copper included will rise.
On supply, demand and price limits, however I am of a different opinion. Copper is an industrial product, if it’s price rises to stringlynit will dampen demand and lead to substitution or avoidance. There will be greater recycling recoveries, marginal mines will reopen or expand production of lower grade deposits made economic by higher CU prices.
i don’t know what the ne equilibrium pricing might be, it can definitely be higher, but precious metal? Nobody has solid gold sinks and kitchen pots, plumbing, vacuum cleaner motors, and nobody could afford them. The theft of public wiring alone would be staggering.
Already in the US catalytic converter size are being stolen from under cars as the contained value of platinum and palladium has soared. It may even Ben one of the driver side for gasser manufacturers like GM to abandon future gas engine sales as they fear rare metals will price out the market. Can’t see that with copper which has substantial supply in lower grades for many decades to come.
But I like copper a lot. High grade mines will be extremely profitable if the current trends toward sales greater electric energy uses continue.
cg