The following is taken from Bloomberg Weekend showing increased interest in Copper recently, which in turn puts the spotlight onto producers and explorers. Hope we get the announcement of the start of the next drilling program this week will put a rocket under the share price.
``There are already first signs of renewed pick-up in copper demand from the region,'' Philipp Vorndran, an investment strategist at Credit Suisse Group in Frankfurt, said in a report this week.
Copper prices may rise next week on fresh demand from China following the week-long Lunar New Year holiday, a Bloomberg survey said.
Twenty-one of the 25 traders, investors and analysts surveyed advised buying copper. Three said to sell, and one was neutral.
``Copper will trade in this higher range next week, supported by fresh demand from China,'' Catherine Virga, a New York-based analyst at CPM Group, said in an e-mail.
RBM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
