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Gold/Mining/Energy : Copper - analysis
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To: Stephen O who wrote (979)10/28/2004 3:39:09 PM
From: Stephen O  Read Replies (1) of 2131
 
Antofagasta's Awad Comments on Demand in China, Copper Prices
2004-10-28 13:50 (New York)

By Heather Walsh
Oct. 28 (Bloomberg) -- Marcelo Awad, commercial director at
Antofagasta Plc, comments on demand for copper in China in an e-
mail. China, the world's biggest consumer of copper, increased
interest rates for the first time in nine years.
London-based Antofagasta accounts for about 10 percent of
copper output in Chile, the world's biggest supplier of the
metal.

``I do foresee a minor decline in economic growth in China.
Copper demand shall remain at a rate of 8 percent to 10 percent a
year for the next two years, because there are massive
infrastructure projects ongoing and most of them are copper
intensive. I still think that the peak on cash copper prices will
be seen between now and the first half of 2005.''

--Editor: Jameson.
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