IMO think copper should remain strong, according to this report anyway...
Latest GFMS metals consultants view on copper:
"Copper prices continue to find support >$8,500/t due to low LME inventories, increasing cost of production at mine site and smelters (eg. power, fuel, acid), dollar weakness, supply disruptions
Copper market in a 66,000t deficit in 1Q08
Global consumption has remained flat – lower in EU and US related to slowdown in construction etc; offset by continued Chinese demand though this appears to be in a seasonal slowdown
China remains heavily reliant on copper concentrate imports
Global mine production was down 9.5% in 1Q08
Supply tightness likely to overshadow any demand weakness
Continued strikes in Peru (worlds 2nd largest copper producer) have provided recent price strength
Power, fuel and acid (required to leach copper oxides) prices in Chile remain extremely high; reportedly acid prices have not peaked and there is a severe shortage
Any sign of recovery in US construction and/or manufacturing sector could provide additional reason for prices to move higher"
- Forums
- ASX - By Stock
- SMM
- have we reached the bottom yet
have we reached the bottom yet, page-47
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.123M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 149999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.005 |
4 | 711111 | 0.004 |
20 | 12362915 | 0.003 |
10 | 16225101 | 0.002 |
9 | 37300102 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 149999 | 2 |
0.005 | 5792079 | 9 |
0.006 | 5487231 | 10 |
0.007 | 3478571 | 5 |
0.008 | 1000000 | 1 |
Last trade - 09.37am 17/07/2024 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |
Day chart unavailable