SFR closed 13% below its 2026 high on Wednesday illustrating how miners can be volatile even within an uptrend. At MM we remain bullish towards copper in line with global electrification but a short term pullback towards the $17 area wouldn’t surprise.
- We are looking for further consolidation from SFR over the coming weeks – MM owns SFR in its Active Growth Portfolio.
MM remains long and bullish SFR ~$18
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