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: Robert Douglas who wrote (227)	1/1/2001 8:44:21 PM
From: Stephen O	Read Replies (1) of 2131

From the London Financial Times 27 Dec 2000 Copper's relative resilience reflects the abrupt change in the perceived supply-demand balance. There has been a sharp reduction in stocks since the start of the year, and the lack of big new mining projects due to commence production in the near term means that many analysts are fundamentally bullish about prospects. The metal's fans also point out that many new technologies rely on copper wiring. Forecasts for base metal prices vary considerably, depending on the analysts' views of the macroeconomic outlook. Those who are concerned about the possibility of a "hard landing" for the US economy are extremely cautious. Already, many of the leading indicators are suggesting reduced demand for base metals in most of the main consuming regions, and the latest round of cuts from carmakers is adding to the gloom. But more resilient forecasters argue that the bad news is already in the price, and although they expect prices to remain subdued in the short term, they remain bullish in the longer term, particularly for copper.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next