RE: Buy13 Jun 2019 07:54
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However, the analysts concluded: “Catalysts including spreading supply disruption in Zambia, further stimulus from China and a Fed rate cut, could result in a decent snap back in copper prices as the currently extended net short futures positioning reverses.”
The analysts also said that the do not believe the recent weakness in copper prices has harmed the chances of the juniors, such as Asiamet ResourcesPLC (LON:ARS) and SolGold plc (LON:SOLG), being acquired, given the strength of the majors balance sheets.