(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.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
18.6 CAD | -0.32% | +1.47% | +44.75% |
May. 01 | Ivanhoe Mines Price Target Raised to $22 at RBC, Viewed as "Attractive Takeout Candidate" | MT |
Apr. 30 | TSX loses monthly winning streak as US rate cut prospects ebb | RE |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,316 USD | -0.35% | -0.02% | - | ||
1,354 PTS | +0.60% | -0.59% | - | ||
26.52 USD | -0.89% | -2.48% | - | ||
18.6 CAD | -0.32% | +1.47% | 16.94B | ||
10.13 USD | +0.30% | +7.77% | 1.22B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+44.75% | 16.94B | |
-15.88% | 139B | |
-7.12% | 116B | |
+4.22% | 49.5B | |
+15.88% | 48.35B | |
+33.69% | 39.91B | |
+18.91% | 25.13B | |
+36.67% | 21.61B | |
+56.84% | 17.7B | |
+6.61% | 10.26B |
- Stock Market
- Equities
- IVN Stock
- News Ivanhoe Mines Ltd.
- Robert Friedland, Ivanhoe Mines: Any disruption can send copper soaring