TSXV:TM - Post Discussion
Post by
AlfTanner on Jul 23, 2024 7:24pm
Crashing copper has not helped
The price of copper has crashed from over $5 to $4.10 in just 2 months. When the price was $5, there were endless stories about a copper shortage and how hard it is to add mine supply. Now that the price has crashed, no one is talking about copper anymore.
As for Trigon, the company really needs a decent price of copper right now because their costs are high as they ramp up the mine. The U.S. economy is likely grinding toward recession, and the China recovery looks like it is going to take years. I doubt we are going to see $5 copper again for a long time.
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