Mining Capital's Alastair Ford says the copper price is going to recover in the longer term.
''Whether the copper price stages anything like the sort of strong comeback in the near term many are hoping for is open to question but there isn't any doubt that looking down the line the copper price will eventually make up all the ground it's lost and probably rise significantly higher as well''.
''The demand will still be there ... it won't be next week or next month but in the end the world is going to go for the EV option and that's going to pull in so much copper that the supply won't be there to satisfy it''.