Copper Prices

[dan_s]

The alltime high price for copper on the NYMEX futures was $5.05/pound set on May 13, 2024. It slipped back to $4.00 early in August, 2024.
Since September 2nd copper prices have risen more than 10%.

Trading Economics:
"Copper futures steadied around $4.50 per pound on Monday after experiencing heightened volatility last week, with trading volumes remaining subdued as Chinese markets were still closed for a week-long holiday. Last week, the metal lost half a percent for the first weekly decline since early September. Those moves came as traders took some profits off the table after copper prices reached a four-month high, while escalating tensions in the Middle East prompted markets to unload riskier holdings in favor of safe-haven assets. Still, China’s economic stimulus measures continued to support market sentiment amid hopes for stronger demand from the top metals consumer. Moreover, the prospect of further US interest rate cuts which could boost global economic activity added to the bullish outlook."

Company that benefit from higher copper prices"
Ero Copper (ERO)
Solaris Resources (SLSR)
Mundoro Capital Inc. (MUN.V and MUNMF), which will be hosting our next Houston luncheon on November 13th.

Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals. To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro and creates royalties attached to each mineral property optioned to partners. The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA.
Press releases today:
https://www.mundoro.com/post/mundoro-identifies-large-scale-porphyry-targets-in-timok-properties-serbia-and-corporate-update