RE:coppernofluff wrote: back to 4.40 on comex. Looks like that 2.30 ask got pulled. Back to 3.00 soon I hope.
I hope stu is right that copper will b over 4.00 for years to come.
Perhaps we can quit the hedging now.
Time 4 second sleep.
nf
What governments and users need to understand is that it is a good thing for everyone for copper to remain over $4. Miners have to be incentivized to expand production. For the past few years copper has been way too low. No incentive to build mines, now a supply problem.
It's like oil with the supply and demand. It is not like oil in that it takes decades to get a new mine going. You can't just pop a well and start supplying again.