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Gold/Mining/Energy : Copper - analysis
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To: Richard Mazzarella who wrote (221)12/10/2000 5:28:07 PM
From: tyc:>  Read Replies (1) of 2131
 
And your posting counters the negative indication in the final sentence of Stephen's posting #198

"On copper markets:
``Over the last five years, over $10 billion has been spent
on copper projects and expansions, primarily in Latin America.
Most of these ore bodies have been discovered for decades.
``The fact that copper consumption growth has absorbed the
mega-projects and expansions of the last five years is encouraging
of a strong outlook for the copper business today.
``Annual copper production has risen by around 7 billion
pounds since 1993, that's over 35 percent. This represents an
annual growth rate of around 4 percent. This trend we expect will
continue as the world continues to buy higher end-products. An
example of why copper consumption is so robust can be seen in the
area of new homes and new cars, which now consume twice the amount
of copper they did in the early 80s. This is remarkable given that
many new homes no longer use copper piping."
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