RE:Price of CUIt is difficult to reconcile metal market prices versus the prices recorded by III because of concentrate shipments, settlement price adjustments, and exchange rates during a quarter. But metal prices recorded by III during the last quarter were Cu US$3.95 lb and Au US$2,172 oz. compared to market prices of US$4.42 and US$2,338. Good luck analysing that!
Any suggestions regarding the metal quantities and prices that you would like III to hedge?