Re: Spot Copper Marching Upward $3.0708 + $.0553
in response to
by
posted on
Aug 29, 2017 11:30AM
Combining Classic Mineral Exploration with State of the Art Technology
"North Korea Is Helping Gold But It's Not Driving It"
By the way, Freeport is forced by Indonesia to give up a controling interest in Grasberg, one of the work's largest mines. Much lowered output from there - cooper and gold - is now likely to be reversed, so that will become a bit of a drag on copper prices, though other factors could still push prices higher. Zinc, I think, will continue to outperform other metals.
Moly and cobalt prices are difficult to track. Moly seems flat over months now, and cobalt has seen mild increases compared to the moves in copper, zinc, etc..
VP