From this morning's Fin Review:
Copper heads to $US10,000 as ‘squeeze’ intensifies
Copper is headed to $US10,000 a tonne as traders ramp up bets that miners will struggle to adequately increase supply to meet booming demand for the industrial metal.
It comes amid evidence of improving manufacturing activity in the US and China, coinciding with a string of supply disruptions at major mines.
‘‘We’re seeing some green shoots in the global industrial cycle and so an upswing in metals demand seems to be underway,’’ said Paul Bloxham, HSBC’s top commodities economist.
‘‘The supply side of many commodities is very constrained, so we’re in this global commodity super squeeze and copper is certainly part of that story.’’
From this morning's Fin Review: Copper heads to $US10,000 as...
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Last
54.0¢ |
Change
-0.005(0.92%) |
Mkt cap ! $92.84M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 54.0¢ | 54.0¢ | $46.66K | 86.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 17471 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 54.5¢ | 23605 | 2 |
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| Last trade - 10.41am 06/06/2024 (20 minute delay) ? |
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Last
54.0¢ |
Change
-0.005 ( 0.94 %) |
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| Open | High | Low | Volume | ||
| 54.0¢ | 54.0¢ | 54.0¢ | 14206 | ||
| Last updated 10.49am 06/06/2024 ? | |||||
| CNB (ASX) Chart |