Industrial Insight

Copper moderates early this year and then… | January 6, 2011

Copper thrill-seekers, get ready

Short-term factors have been pushing up the price of copper, but there’s plenty of volatility ahead.

Posted by Jim J. Jubak Wednesday, January 05, 2011 4:26:43 PM

Both Barclays Capital and Standard Bank Group are forecasting a shortfall in supply this year as demand rises and as the grade of copper in existing mines continues to decline and mining companies can’t open new mines fast enough to meet that rising demand. The International Copper Study Group forecasts a global shortfall of 435,000 metric tons in 2011.

That sounds like a recipe for higher prices even from current levels this year.


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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.







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