Copper hits US$3.14/lb and the best Aeris can do is a sale of $1,600 worth of AIS shares.
Column 1 Column 2 0 Copper September 05,06:59 Copper – prices continue to rise as China grows, manufacturers restock and investors look forward to further electrification
Column 1 Column 2 Column 3 Column 4 0 Bid/Ask 3.1307 - 3.1314 1 Change +0.0100 +0.32% 2 Low/High 3.1184 - 3.1445
- Copper prices look set to continue to rise as manufacturers, traders and investors look to secure supplies.
- The environmental crackdown in China may have precipitated the price run but ongoing infrastructure and other growth in China along with the further electrification of urban sites for electric vehicles is likely to continue to ramp up demand.
- Further, around 2mt of copper has been lost by major producers representing close to 10% of total mined (20.2mt 2016) and <10% of refined production (23.3mt 2016) so far this year through strikes and production issues. While this is not particularly unusual in our view the losses are ahead of the 5% many forecasters might expect.
- Critically, we feel it is increasingly difficult for the major mines to ramp up copper production again and for new mines to come to production indicating to us that the market response to higher prices will be less than seen in previous cycles.
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Last
15.5¢ |
Change
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Mkt cap ! $149.9M |
Open | High | Low | Value | Volume |
15.5¢ | 15.8¢ | 15.0¢ | $346.9K | 2.257M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 116473 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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16.0¢ | 286051 | 8 |
View Market Depth
No. | Vol. | Price($) |
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1 | 116473 | 0.155 |
15 | 607121 | 0.150 |
6 | 485300 | 0.145 |
17 | 786451 | 0.140 |
9 | 551693 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 286051 | 8 |
0.165 | 385187 | 5 |
0.170 | 613053 | 12 |
0.175 | 967522 | 11 |
0.180 | 54974 | 6 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
15.5¢ |
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Change
0.005 ( 3.33 %) |
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Open | High | Low | Volume | ||
15.0¢ | 16.0¢ | 15.0¢ | 1406737 | ||
Last updated 15.59pm 29/03/2024 ? |
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