Copper surges to near six week high Copper prices surged to a nearly six-week high, driven by renewed investor demand and optimism over potential U.S. interest rate cuts. This rally has been supported by hedge funds returning to the market after a significant correction, and analysts believe further gains could be realized if U.S. interest rates are cut, potentially boosting demand in key sectors like manufacturing and energy transition. (Source:
https://www.cnbc.com/2024/08/27/copper-prices-saxo-bank-says-the-worst-of-the-correction-is-over.html?__source=sharebar|twitter&par=sharebar)
As one of the largest undeveloped resources of its kind in South America, Libero Copper (LBC.v LBCMF) is strongly positioned amid this market with the Mocoa Project. Crucial for Colombia's renewable energy goals, as well as for the global supply of copper, the project has an inferred resource of 4.6 billion pounds of copper and 511 million pounds of molybdenum.
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.