As said, copper’s price has entered a bullish area. Between $3 and $4 the copper market is bullish. Above $4 it is wildly bullish … but that’s probably not for 2018 but rather for an even longer term forecast which we will do in some 12 months from now.
- From Investinghaven.com
From Metal Bulletin 02/02/2018
FORECAST: Copper price to hit $8,000 per tonne in 2018 - Goldman
Projections for the price of copper in 2018 are being revised upward to $8,000 per tonne from $7,050 per tonne, with a growing gap expected between supply and demand, according to investment bank Goldman Sachs.
These forecasts are suggesting $US3.60 -4.00/lb or at the mid-point $A11,000 per tonne. A price like that would see a worthwhile rise in the HGO share price.
copper price, page-11
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