Copper has been discovered by financial practitioners of late. Since early March 2024, the metal has surged in price by over 32% to record levels despite the market being in approximate balance. Financial interest has been driven by the spectre of huge copper supply deficits later in the decade related to the energy transition and constrained supply reflecting declining ore grades and the lengthy lead times for mine development. This the bulls argue will drive copper into the stratosphere. A pri ....

24 May 2024
Allenby Capital Commodities Viewpoint - May 2024

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Allenby Capital Commodities Viewpoint - May 2024
Altona Rare Earths Plc (REE:LON), 1.4 | ARC Minerals Limited (ARCM:LON), 1.8 | Phoenix Copper Ltd. (United Kingdom) (PXC:LON), 4.2 | SolGold plc (SOLG:TSE), 0
- Published:
24 May 2024 -
Author:
Peter Dupont -
Pages:
19 -
Copper has been discovered by financial practitioners of late. Since early March 2024, the metal has surged in price by over 32% to record levels despite the market being in approximate balance. Financial interest has been driven by the spectre of huge copper supply deficits later in the decade related to the energy transition and constrained supply reflecting declining ore grades and the lengthy lead times for mine development. This the bulls argue will drive copper into the stratosphere. A pri ....