The International Copper Stufy Group annual report is out and they see copper coming back into surplus.
That said one of the big advisory groups are calling for copper to hit $4.77 by year end.
My impression is that often the ICSG is wrong about future supply/demand/&pricr of copper.
it is important to be aware of
-the long lead time between discovery and production= ie NCU =15 yrs
- Global Climate changes
-Political issues
-Demand factors such as EV, solar panels, etc
-other issues
As we will see with PH = once the infastructure is in place the mine will operate until the marginal cost of further mining exceeds the revenue generated
For those new to the board I refer to the Kidd Creek mine just north of Timmins which I first saw from a helicopter in June of 64 as 20 tents, which incredibly rich deposit is now almost done as they are down 10.000 feet where the heat and pressures are very significant!
Hopefully another good day on the market!
ROCK