citigroup left elk for cuo, page-2

Copper is one of the most in demand industrial metals. The course movements of the past months confirm that. Since in the middle of August added the price for a ton of the raw material around more than 1,500 USD on over 8.000 USD per ton. One of the reasons lay in the decreasing/going back stocks. Thus was reduced the supply quantity to London Metal Exchange (LME) from August to Septembers by 10.000 tons. In the last commercial days the existence recovered again somewhat, yet they move on a historically low level. The whole Dramatik becomes evident, if one considers that the world-wide stocks noted 2002/2003 in the years seven times more highly. As is the case for most industrial metals China of the trips for the offer shortage is also with copper. Thus in the People's Republic in August 2007 30 per cent more copper were imported than in the period last year. To the rapid demand rise the still high risk of strikes comes in the large South American kupferminen. Up-to-date the copper price broke through the 8,000 USD mark downward, but within the range of 7.800 USD the first support already waits. Risk-joyful investors should use this level, in order to develop positions. The latent strike danger and the high demand level will lead in the coming months to courses beyond the old maximum conditions with 8.700 USD.