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

To: Stephen O who wrote (965)10/20/2004 2:33:30 PM
From: Robert Douglas  Read Replies (1) | Respond to of 2131
 
A 3 percent annual increase in demand would require an additional 150 000 tons of copper a year, Hernandez said.

His math is bad. 3% increase in demand at current levels is about 500,000 tons of new production needed. And there's no way that we'll drop to 3% demand growth next year. It's going to be higher unless the world economy screeches downward.


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