OTCPK:CPPMF - Post by User
Comment by
goldenson Jun 22, 2022 12:41pm
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Post# 34774426
RE:Good news
RE:Good news 1 year from now copper prices are going to rocket for the same reasons oil did. All you need to do is look at all the recent production misses by the majors. Anyone planning a new mine now can't because of startup costs just at a time when consumption is going way up. Market is reacting to shutdowns in China that did nothing to increase copper stockpiles. Just look at the LME at still heading lower and now with China coming out of lockdowns.
Not sure where the Sp bottom is for all the copper producers but recovery will be swift in my opinion. GLTA