(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.
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5-day change | 1st Jan Change | ||
20.36 CAD | +5.93% | +5.99% | +58.44% |
Apr. 26 | Copper Hits US$10,000 a Ton as BHP Bid Shows Tight Supply Pipeline | MT |
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Capi.
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2,338 USD | +0.31% | -2.25% | - | ||
1,367 PTS | +0.20% | -2.76% | - | ||
27.2 USD | -0.52% | -5.11% | - | ||
20.36 CAD | +5.93% | +5.99% | 18.57B | ||
10.68 USD | +11.83% | +0.75% | 1.28B | ||
EPS Revisions
1st Jan change | Capi. | |
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+58.44% | 18.57B | |
-14.40% | 143B | |
-6.66% | 117B | |
-0.55% | 71.07B | |
+5.25% | 50.97B | |
+13.30% | 48.38B | |
+34.12% | 39.93B | |
+22.92% | 26.1B | |
+32.58% | 21.36B | |
+53.37% | 17.66B |
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- Robert Friedland, Ivanhoe Mines: Any disruption can send copper soaring