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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (152)	7/11/2000 9:19:03 AM
From: Robert Douglas	Read Replies (1) \| Respond to of 2131

Who am I to argue ? But when you consider that before the Asian crisis world demand had grown at a compound rate of 4.1% through the nineties,and had reached 16,000,000 tonnes per annum, these figures could be rather conservative. The problem we have with all these various reports is that they are all measuring different things. Some of the reports, like the one you linked before, were using worldwide copper demand. It's too bad we don't have a current report from that source. The report that I have been using has only Western consumption figures and reports China, the former Soviet Union and others as a net East/West export number. I don't think that global copper consumption fell during 1998 and 1999, I just think we're comparing two numbers measuring two different things. My numbers have Western consumption growing .8% in 1998 and 2.5% in 1999. I know it's also very hard to get accurate data from some of these countries and that adds more difficulty to the analysis.