I see that Cuprum price is about 2 USD to 7.5 USD. It is interesting price. Do you have a strong reason why the price will increase up to 7.5 USD?
Sure, we`ve got 2 really strong reasons why the price will increase up to 7.5 USD!
1. According to International Copper Study Group, by 2028 year there will be approximately 8 million tons copper deficit, or 52 bln USD if talking money. Thus, the price increase for copper for 10 years more than >300%.
2. The increase in demand for copper among large companies, for instance, consumers of copper are companies such as Apple, Tesla, Xiaomi, Boeing, SpaceX and other. They all need copper to produce a competitive product.