GREY:VMSTF - Post by User
Post by
lookin4deals4meon Mar 28, 2008 11:02am
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Copper shortages in news - check FP
Copper shortages in news - check FPNew article in Finanical Post. page FP 8
Copper prices to soar as surpluses turn to deficits.
The copper market is very tight, and according to analysts at UBS securities, it is going to get even tighter.
With rampant supply disruptions and very low inventories, the analysts have revised their view and are now forecasting deficits of 100,000 tonnes in 2008 and 2009.
Meanwhile, global copper inventories add up to just 1.8 weeks of consumption, the lowest of any base metal. That could make the market incredibly tight if there is a significant supply outage.