rbc copper conf.RBC Capital Markets Conference to highlight investment opportunities in copper
Monday January 9, 10:21 am ET
Rising Surpluses Could Trigger Some Correction in Prices in 2006
NEW YORK and TORONTO, Jan. 9 /PRNewswire-FirstCall/ - After a year of surging copper prices in 2005, leading institutional investors and hedge funds will gather in New York and Toronto this month at a RBC Capital Markets conference to reassess the direction of the copper market.
The RBC Capital Markets copper conference follows two highly successful conferences on gold and silver, reflecting RBC Capital Markets' global stature in mining and precious metals research and investment banking. RBC Capital Markets has advised on 11 of the top 20 mining transactions involving Canadian mining companies since 2000 and its research coverage exceeds 80% of the market capitalization of the world's mining stocks.
RBC Capital Markets analyst H. Fraser Phillips recently issued his 2006 market outlook for the global copper mining industry, forecasting worldwide demand to grow 4.5%, while supply grows 6.2% due to capacity additions and more normalized operating conditions at existing operations. Reflecting tight global inventories, Mr. Phillips forecasts copper prices to average $1.50 per pound in 2006.
WHEN AND WHERE
Toronto: January 10, 2006 at the Royal Bank Plaza at 7:45 a.m. EST
New York: January 12, 2006 at the Warwick New York Hotel at 7:45 a.m. EST
Conference attendance is by invitation only; a webcast is available at (www.wsw.com/webcast/rbc399).
The conference will feature short presentations from some of the world's largest producers and developers, including African Copper PLC, Chariot Resources Ltd., Equinox Mineral Ltd., Fronterra Copper Corporation and TEAL Exploration and Mining, among others. Presenting companies will address supply strategy, demand considerations, valuation, and other forces shaping the global market.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC Financial Group, the global brand name of Royal Bank of Canada (RY: TSX, NYSE), one of the largest banks in North America by assets and market capitalization. RBC Capital Markets is ranked by Bloomberg as one of the top 15 investment banks globally, and has significant debt origination, sales and trading and foreign exchange businesses that operate around the world. Our North American equity underwriting; sales, trading and research business dominates the Canadian market and has established a significant franchise in the US middle market. Both institutional and retail investors recognize RBC Capital Markets for our expertise across the complete range of structured products.
About RBC Financial Group
Royal Bank of Canada (RY: TSX and NYSE) uses the initials RBC as a prefix for its businesses and operating subsidiaries, which operate under the master brand name of RBC Financial Group. Royal Bank of Canada is Canada's largest bank as measured by market capitalization and assets, and is one of North America's leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. The company employs approximately 60,000 people who serve more than 14 million personal, business and public sector clients through offices in North America and some 30 countries around the world. For more information, please visit www.rbc.com.
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Source: RBC Capital Markets