Copper Market Fundamentals by Xstrata. http://www.xstrata.com/content/assets/pdf/x_speech_201009221.en.pdf
Structural constraints drive decline in existing production and restrict copper growth ?X Existing production confronted with supply challenges Declining grades and other production pressures More than 90 mines set to shut down by the end of the decade New supply growth continues to under deliver Projects in increasingly difficult regions More than 14Mt of potential supply growth over the next six years has been deferred Demand-side: Robust demand underpinned by increased copper intensity through urbanisation of populous countries Easily substituted copper applications already switched Supply-side: Structural constraints to existing production and growth
MNC Price at posting:
30.5¢ 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)