https://www.mining.com/freeport-set-to-expand-us-copper-mines-as-biden-moves-to-electrify-the-nation/
Yes copper dipped a little from 4.37 to 4.16 today but anything over US3.50 copper is going to put the spot light on SC!
According to metals trader Concord Resources copper could surge above a record to $12,000 a tonne in 18 months on new demand from green initiatives.
“People need to be aware of the potential for a changing paradigm in terms of pricing,” said Mark Hansen, chief executive officer of the trading house. “In copper, the market is not yet pricing in the addition of potentially millions of new tonnes of copper demand over the coming decade.”