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BRIEF – CITI Expects Copper Price to Hit $10,500/T Over Next 3 Months
06:08
April 19 (Reuters) – CITI RESEARCH:
Expects Copper's Price Rally Continuing Over Coming 3 Months, With Prices Likely To Get Up To $10,500/t
Expects Copper Prices To Average $10k/t In 2q And 3q 2024
Currently they are getting $350/t for Chrome.... "At these prices, if they hold, Jubilee could be making ~$100/t profit margin on each tonne of it’s own ROM – which at 2.1Mt/yr production with ~40% of production not fixed margin could be in the region of ~$80m/yr."
Would the Chairman, the CFO and the CEO have invested so much time, money and resource on the waste rock project with IRH if there was EVER any chance that it WOULDN'T go ahead? Ask your self that... and no, why wait for Roan when they can see the tremendous success and extraordinary expansion of the Chrome operations using the same technique??
I would say many are becoming bored of your fanboy ravings .....
He's not the messiah, he's a very naughty boy .....
Https://www.engineeringnews.co.za/print-version/jubilee-abu-dhabi-company-to-form-jv-for-zambia-waste-rock-project-2024-03-28
A pretty comprehensive update of all that is going on.....
Https://www.engineeringnews.co.za/article/platinum-linked-green-hydrogen-set-to-be-worlds-new-oil-forbes-article-highlights-2024-04-09
"The United Arab Emirates, which is targeting a 25% global market share of low-carbon hydrogen by 2030, is joining forces with Germany, the Forbes magazine article stated, to expand its hydrogen portfolio.
Japan, it added, is converting fossil-fired plants into hydrogen-based plants and South Korea is setting aside tens of billions of dollars to expand its hydrogen infrastructure and build a fuel cell base.
The European Union is fast-tracking 65 hydrogen projects after signing an energy infrastructure list into law, Hydrogen Insight reports.
Australian company Fortescue has opened an electrolyser manufacturing facility in Gladstone, Queensland, that has an automated assembly line, the World Platinum Investment Council reports."
Worth a read in full ......
Are you his small gloves, Coggy? I am intrigued ......
*************interviews dot com/copper-demand-and-price-surge-a-boon-for-jubilee-metals-group-plc/4121151181
"the company’s strategic investments and expansion into copper-rich regions like zambia position it to benefit from global market trends, making it a key player to watch in the metals processing industry. jubilee’s ability to turn waste into value, particularly in copper, not only aligns with global sustainability goals but also with economic profitability, promising long-term quality earnings as the world increasingly turns to essential commodities like copper to fuel its green transition. "