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Worries of decline intensify! Copper price suffers heavy losses of 20% in two months, falling below the $9,000 mark.
Due to concerns about global economic growth, the argument for "copper shortage" has begun to waver. Some analysts believe that whether investors should buy copper or not depends on their view of the global economic recovery prospects. If they think the prospects are good, then the current price is a good buying point.
Taseko Mines Limited (TGB): A Good Long-term Penny Stock to Buy Right Now?
"Continued Deterioration"! Goldman Sachs warns that overcapacity will depress copper prices in the short term
Goldman Sachs analysts pointed out that China's exports of cathode copper hit a new high in June, but inventories increased and there was a headwind on the demand side. At the same time, the increase in supply in Africa, the supply growth of Congo and Zambia has been underestimated.
Analysts Offer Insights on Materials Companies: Capital Drilling (GB:CAPD), Rio Tinto Limited (OtherRTNTF) and Taseko Mines (TGB)
BMO Capital Maintains Taseko Mines(TGB.US) With Buy Rating, Maintains Target Price $2.92
Taseko Mines Maintained at Outperform at BMO Following Q2 Production Results; Price Target Kept at C$4.00
