Copper price dropped from the peak of 4.76 to 4.48
I have been monitoring a high flying copper stock and noticed that it dropped recently, also copper price. The copper market has future that shows backwardation. I.e. the future price is much weaker than their spot price. I will do more study. The Vanadium market is too small to provide these information. I am taking an assumption that these base metals all tracks one another, but I could be quite wrong. However, with the lack of information, the market needs to find something else to predict a reasonable SP for LGO. It may go to these other market.