Copper (HG1) Down $0.05 in Last 4 Hours, And A Story About Construction Demand; Entered Today Down 1.69%

Copper Daily Price Recap

Copper entered today at $2.961, down 1.69% ($0.05) from the day prior. Relative to other instruments in the metals asset class, Copper ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Copper.

HG1

Copper Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Copper’s price has gone up 7 of the previous 10 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Copper:

  • From Guv999:

    CVV requires may be an Ore sorter to improve the grades which is not difficult IMO.
    At copper price of say USD 6.00/lb in 2024 , CVV Copper Project shd have an NPV ard 5.00 Bil. Dollars. Throw in the Mo, Gold assets ( which we will discuss ), NPV shd be ard 5.50 Bil. Dollars.

  • From bobbyoflondon:

    #ARS note to sellers: Copper price has already rebounded in case in your panic you haven’t noticed! Investing needs a clear head, not just flip flopping around to media headlines…Nothing here has changed in the last 24/48hrs…Have a bit of conviction…

  • From Pigpenned:

    @cuibono2016 @Amicusc54803237 Reminds me of Copper Price and No Neck in our village- real Bobbies and respected.
    They called on us teens to do fire beating during the mountain fires in 76 with the Fire Service.
    Still remembered with affection.

In terms of news links for Copper here’s one to try:

Investorideas.com – Are You Positioned for a Copper Price Explosion?

Construction demand sent the price of lumber soaring: About 25% of the copper demand comes from construction….At that rate, the full year of EV sales will eat up about 150,800 metric tons of copper….One windmill can use up to 6.4 metric tons of copper per megawatt….The author was not paid by Streetwise Reports LLC for this article….Streetwise Reports was not paid by the author to publish or syndicate this article….Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.