the future of copper

Rio Tinto slideshow on the future of copper! (19 pages)
April 9, 2008

- Global GDP growth forecast to accelerate from US$54T to US$125T in 2025.
- Copper is expected to be second fastest growing major commodity as income levels rise in developing countries.
- Direct trade effects on China from a US slowdown are expected to be small.
- Industry experts have consistently overestimated supply coming online.
- Supply forecasts have been pushed back for some major new projects.
- Capital is expected to become more expensive for new developments.
- Average grade of mill throughput is decreasing...

http://www.riotinto.com/documents/Media-Speeches/CRU_7th_World_Copper_Congress_April_2008.PD