Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (915)	11/6/2001 1:17:50 PM
From: Stephen O	Read Replies (1) \| Respond to of 1643

Global Copper Output Exceeds Demand for 4th Month, Report Shows Lisbon, Nov. 6 (Bloomberg) -- Global copper production exceeded demand for a fourth straight month in August as slowing economies cut back on the use of wire and pipes, a report from a government-sponsored research group showed. The production surplus totaled 127,000 metric tons, raising the excess of supply to demand during the first eight months of the year to 339,000 tons, according to a statement faxed by the Lisbon-based International Copper Study Group. During the same period last year, there was a supply deficit of 416,000 tons. Copper futures traded on the Comex division of the New York Mercantile Exchange have fallen 27 percent this year. The most- active December contract today was at 62.2 cents a pound, after touching a two-year low of 61.25 cents yesterday. Demand for copper in the first eight months this year was 2.7 percent lower than for the same period last year and mine production rose 5.3 percent, according to the copper study group, which is financed by countries that consume and produce the metal. --Claudia Carpenter in the New York newsroom (212) 318-2346 or at ccarpenter2@bloomberg.net/ss