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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (28057)	3/8/2005 7:48:06 AM
From: orkrious	Read Replies (2) of 110194

from mish's thread Copper consumption growth may be slowing By: Dorothy Kosich Posted: '07-MAR-05 03:00' GMT ?Mineweb 1997-2004 TORONTO--(Mineweb.com) When copper prices declined this past week to their lowest levels in two months, it indicated to metals analysts that demand might be easing. Nevertheless, in a presentation to the Prospectors and Developers Association Convention Sunday in Toronto, Commodities Analyst Adam Rowley of London's Macquarie Bank predicted that markets will stay tight for prolonged period. "Market inventories are getting very, very tight," he said, adding that markets will be in deficit again this year. Rowley has consistently maintained that economic growth in the US, China and Asia are creating strong demand for copper on top of a market already in deficit. However, the average annual growth rates assumed for China are "much, much slower than the past four years," he explained. Additional mine production and slower regional growth are pressuring copper prices downward, which could mean slower demand. mineweb.net

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