Gold and silver get all the glory.
Meanwhile, copper is the redheaded stepchild of the metals family — often overlooked and generally disregarded.
But given that…
- Copper prices are near production costs for many miners.
- Ore grades are declining globally.
- There is a lack of new economically feasible deposits to meet future production demand.
- LME inventories are at their lowest point in months.
- There is rapid demand growth from China (the #1 consumer) and the rest of the world.
It seems that the price of copper can’t go much lower from here.
Copper is Simply Too Important to Fail
