(MT Newswires) -- Robert Friedland, founder and executive co-chairman of Ivanhoe Mines Ltd. discusses the current state and future of the copper market. He believes that copper prices need to reach around $15,000 per tonne to encourage the industry to build expensive new mines. He also talks about the copper industry in China, global inventories, supply disruptions and the fact that any further disruption could lead to a very sharp spike in copper prices.
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Other stock markets
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5-day change | 1st Jan Change | ||
19.68 CAD | -0.46% | +1.50% | +53.15% |
05-24 | Risk of Sharp Copper Price Correction "Very High," Macquarie Says | MT |
05-23 | Ivanhoe Mines Price Target Raised to $24 at Raymond James | MT |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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2,326 USD | -0.03% | -0.35% | - | ||
1,366 PTS | -0.87% | -0.59% | - | ||
30.49 USD | +0.39% | +0.46% | - | ||
19.68 CAD | -0.46% | +1.50% | 18.25B | ||
11.37 USD | -3.07% | -2.90% | 1.37B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+53.15% | 18.25B | |
-11.70% | 150B | |
-6.26% | 119B | |
+1.83% | 74.34B | |
+11.36% | 47.91B | |
-7.31% | 45.45B | |
+27.55% | 38.79B | |
+116.04% | 34.78B | |
+26.57% | 26.97B | |
+74.05% | 20.02B |
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