This week, the price of a ton of copper briefly reached the unprecedented $11,771 price for each ton of the metal as several factors combined to boost the metal’s price. In the U.S., the Fed lowered its benchmark lending rate by 25 basis points. Such rate reductions weaken the dollar and make dollar-priced commodities more affordable for holders of other currencies.
As inventories on the LME shrink further, the market is bound to become even more sensitive to any development that affects supply. 2026 is therefore likely to experience sharp swings in copper prices if any news impacting supply filters through. You can be sure that companies like Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) that focus on copper exploration will have a finger on the pulse of the…
NOTE TO INVESTORS: The latest news and updates relating to Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) are available in the company’s newsroom at https://ibn.fm/ATBHF
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