re: Ann: Appendix 4D, Half Year Report and Ac...
freeprom, my info comes from lots of places including traders in China. Just search and you will find.
Report: New ETFs Likely To Hike Copper Prices Past $4.50 Per Pound By Murray Coleman A report by RBS Global Banking & Markets is forecasting that new exchange-traded funds physically storing copper for investors will significantly add to demand in an already tight metals market.
The new products, RBS analysts forecast, likely will hike prices past $10,000 per metric ton, or $4.50 per pound.
The report said such a surge should happen after 2012 as industrial demand outpaces supply of the metal coming onto the market.
Comex December copper futures were trading down 1.3% to $3.73 per pound on the report, according to Dow Jones Newswires.
Three firms have filed to launch ETFs that physically store copper. Even a relatively modest fund introduction could impact copper market pricing adversely, according to the RBS analysts.
ABY Price at posting:
$1.22 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)