Copper correction as buying opportunity - UBS 'UBS sees Copper correction as buying opportunity' - https://www.baystreet.ca/investing/101102/UBS-sees-Copper-correction-as-buying-opportunity
UBS Global Research suggests that the recent correction in copper prices, which saw a 20% drop from Q2 highs, may present a compelling medium-term buying opportunity. Despite weaker demand, UBS remains optimistic about copper's long-term fundamentals, expecting a market tightening by late 2024 due to limited supply growth and a demand rebound.
Boasting an inferred resource of 4.6 billion pounds of copper and 511 million pounds of molybdenum, Libero Copper's (LBC.v LBCMF) Mocoa Copper-Molybdenum Project is a strategically important project with substantial exploration potential.
Supported by the Municipal Council of Mocoa, LBC's Territorial Development Plan prioritizes sustainable development, community welfare, and copper production, aligning with Colombia's renewable energy goals.
For more information, refer to this deep dive on LBC: https://www.reddit.com/r/Wealthsimple_Penny/comments/1eg83xf/libero_copper_gold_corp_lbcv_expands_mocoa/
Posted on Behalf of Libero Copper and Gold Corp.