Towards the end of last week, the price of copper dropped by over 1% to reach $5.43 per pound. Thus far, the red metal’s price has reduced by more than 16% from its January high. A recently conducted analysis shows that copper’s sharp price increase from last year was primarily driven more by investor activity than by underlying market fundamentals.
Copper industry players like Numa Numa Resources Inc. may be little swayed by the current price movements because the long term outlook suggests that…
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