Base Metals - Copper prices hit but not trashed
Base metals prices were mixed, copper initially collapsing below US$3.00 per pound ($/lb.) as it was hit by a wave of profit taking, after reported stocks rose. The price has subsequently rallied and is now only off two cents/lb. at $3.01/lb. It is not clear what drove nickel, but drive it did up to $5.40/lb. The price has subsequently settled, but is still up over ten cents/lb at just over $5.25/lb. Aluminium rebounded one cent/lb. to 95.5 cents/lb.; lead was up half a cent/lb. at $1.03/lb.; but zinc lost one and a half cents/lb. to $1.385/lb.It appears copper prices may remain very volatile.
Connemara Mining Company is engaged in exploration for and development of mineral resources in Ireland. Co. is focused on zinc and gold exploration with 35 licences spread across Ireland.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.