ASX:CSC
Capstone Copper Corp CDI
Investment Summary
The fund managers believe that Capstone Copper Corp CDI represents a promising investment opportunity as highlighted by its recent performance, which saw a increase of 13.0%. They maintain a positive outlook on the copper market, driven by concerns over large global ore supply deficits that are exerting upward pressure on prices. In their opinion, key factors supporting this view include resilient global economic growth, the anticipation of Fed easing, global supply shocks affecting significant mines in Congo, Zambia, and Chile, and increased demand due to investments in AI and data centers. These dynamics suggest a favorable environment for copper investments, making Capstone Copper an attractive consideration for investors.
Commentary From The Managers
Milford Asset Management
30 Apr 2024
$11.20
- Capstone Copper Corp CDI saw a performance increase of 13.0%.
- Milford Asset Management remains positive on the copper market.
- Concerns over large deficits in global ore supply are putting upward pressure on prices.
- Key events supporting this view include:
- Resilient global economic growth
- Approaching Fed easing
- Global supply shocks affecting key mines in Congo, Zambia, and Chile
- Increased demand driven by AI and data centre investments
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.