When under supply of copper coincides with low prices its a cause of head scratching for anyone who has read their economics textbooks. Stocks of the red metal are running very low, and based on Bank of Montreal forecasts, there will be a supply deficit of 260,000 tonnes by the end of the year.
IC TIP:
Buy
at
544p
Tip style
Speculative
Risk rating
High
Timescale
Medium Term
Bull points
Rerating potential
Gold by-product
Expansion potential
New dividend
Bear points
Reliant on copper price
Possible Baimskaya overreach