Phoenix Copper. Share Price (PXC)

Volume ticking up and SP with it. 33.5p next stop then if we clear that we head to 40p IMO...;o))

Copper at $3.7. A bit of a relief to see us above the $3.60 used in PXC calculations. We shall hopefully be back into the $4 range before too long. Everything crossed !!

Climate news passed the other day biggest in USA history . Copper and other resources will be huge demand in coming years . Looking at re positioning money again here . Drilling started again quite a few weeks ago .

Considering the strength of the dollar I don't think copper has actually devalued much in real terms. China & US needs so much copper it can only bode well for us. We just need to get to production then anything can happen. M&A activity is starting to build as majors look to build inventories. I can see the SP really kicking on at some point. A copper grabbing frenzy !!...;o)))

Trading economics view…..

“ Copper futures held just below $3.60 per pound on Tuesday, hovering near a one-month high hit in the previous session, as falling inventories in China and a major US legislation that would support the clean energy sector countered fears that rising interest rates would lead to a global recession. Copper stockpiles in warehouses tracked by the Shanghai Futures Exchange dropped 79% since March to 34,768 tonnes, the lowest since January 28. Over in the US, a climate deal that would divert spending toward new or expanded tax credits to promote clean energy generation, electrification, energy efficiency and wider adoption of electric vehicles could drive up demand for copper. Meanwhile, investors are preparing for US inflation data this week after last week’s surprisingly strong jobs report bolstered the case for further monetary tightening.”

https://tradingeconomics.com/commodity/copper

Trek