Commodities Copper Supply and Demand
It's thought that once the economic recovery from emerging markets kicks into gear, copper demand will skyrocket and copper producers will struggle to supply that demand.
Already copper price projections for 2010 have been changed several times and now stand above $3.00. Copper shortages are expected to increase in 2011 as well, with demand continuing to surge.
What could cause some temporary price fluctuations downward is the huge copper stockpiles of China. But they will eventually work through all that and demand will be strong again.
Long term though, copper prices should go up for a number of years based on infrastructure and recovering building projects sure to start big time again.
Commodities Copper Supply and Demand
No comments:
Post a Comment