OTCPK:CPPMF - Post by User
Comment by
goldenson Feb 08, 2023 7:09am
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Post# 35273751
RE:RE:Copper to plunge
RE:RE:Copper to plungeSupplies on the LME are at historic lows and from a supply view they are basically empty. I don't see copper below $3 and would like to understand your case for copper dropping to that level. Consumption is increasing especially with EV's becoming more popular and auto companies all ramping up production. I think we will close out '23 closer to the $5 mark due to supply and demand. Peru is a mess which will likely continue into '24 and will further tighten supply. I don't see copper being a surplus in 23 or 24 but this is just my opinion and everyone should do your own research.
CMMC has had its issues in the past but they will get it together and once they start hitting their targets (which I believe they will) there is plenty of upside here.GLTA and do your own research. Definitely don't make investing decision on what you read here