Copper - analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copper - analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stephen O who wrote (158)	7/13/2000 12:47:29 AM
From: Stephen O	Read Replies (1) of 2131

European summer may spur metals rally-UBS Warburg LONDON, July 7 (Reuters) - Several supportive factors for base metals may enable prices to rise in coming months, but the key issue may be the European summer, UBS Warburg/Metallgesellschaft said in its latest weekly report. The usual summer slowdown in Europe may be smaller than normal this year, as both producers and consumers in the European base metal sector report healthy order books. This suggests strong underlying metal demand. ``Further recovery in the euro against the U.S. dollar could also help European metal demand,'' it said. Other props for metal prices in coming months are strong domestic demand growth in China and Russia, high energy prices which affect the supply-side, and continuing declines in metal inventories. The high impact of U.S. energy prices on aluminium has attracted most attention, but it is not restricted to this industry alone. Copper major Phelps Dodge (NYSE:PD - news) issued a second quarter profits warning, citing higher energy costs, the report noted.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next