Gamble of the week: a play on copper

The rise in the copper price from its erstwhile long-term price of $1/lb to closer to $2/lb within the past five years has been great news for copper mining firms.

The rise in the copper price from its erstwhile long-term price of $1/lb to closer to $2/lb within the past five years has been great news for copper mining firms.

It has inflated their cash flows, but also made previously uneconomic ore bodies suddenly viable, something that in turn makes a few of the more speculative plays in the market worth betting on.

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Charlie Gibson

Charles has previously written for the MoneyWeek, giving readers his share tips regularly and covering other topics on the side such as stock markets and the economy. He has also written for The Business, Shares, Investors Chronicle and The Evening Standard, and Charles has presented on LBC and been a guest on BBC One and BBC World. Aside from his journalist background, Charles graduated as a chemist from the University of Oxford specialising in ligand gated ion channels.