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Copper ready for breakout when coronavirus impacts subside

Copper is trading at an historically low premium to the C1 production cost, says New York investment bank Jefferies, and as the impact of the coronavirus subsides, it does not believe a recovery in demand will be met by a corresponding increase in supply.

Copper ready for breakout when coronavirus impacts subside Copper ready for breakout when coronavirus impacts subside Copper ready for breakout when coronavirus impacts subside Copper ready for breakout when coronavirus impacts subside Copper ready for breakout when coronavirus impacts subside

Copper a "coiled spring"

"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.

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