Re: Copper over $5 by year end

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Orcinus

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Re: Copper over $5 by year end

in response to

Copper over $5 by year end

sibiu2

posted on May 10, 2024 03:01PM

I am attending the Metals Investor Forum in Vancouver rignt now and Eric Coffin just finished his pep talk. He will not be surprised to see copper at $8-$10/lb in 2-3 years. He thinks that the EV revolution has been overblown and there are some issues at the other side of the equation. Copper price is mainly being driven by supply-demand. China bought lots of copper so a correction possible if all that supply hits the markets in the future.