China's electricity grid is only 1/5 the size of the US, with a country over 1 Billion people. Compare this to 280 million people in the US? Rapid urbanization of China is increasing demand for Copper Cable at the moment for High Voltage Grid's. Continuous cable is needed and manufactured for up to 20km long.
Interesting to note on the LME, Copper is at its shortest supply in 5 years with only 213,000 tonnes left stockpiled in LME Warehouses. In just 2 days, last week LME stockpile levels dropped 12,000 tonnes. Steel Production in Europe, is growing for the first time in 7 years, with the car manufacturing industry showing a modest recovery. For the the first time in over 30 years, US Construction activity, is gaining momentum and starting to show some good green growth shoots, with strong expenditure from the public sector. These are all good leading indicators for the worldwide Copper industry.
A great week to make a major announcement anyway.
- Forums
- ASX - By Stock
- jumping into copper production early 2015
China's electricity grid is only 1/5 the size of the US, with a...
-
- There are more pages in this discussion • 4 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 LAT (ASX) to my watchlist
|
|||||
Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $19.96M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $14.35K | 102.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 540 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 34455 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 540 | 0.140 |
1 | 182500 | 0.135 |
1 | 239131 | 0.130 |
3 | 216000 | 0.125 |
1 | 100000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 34455 | 1 |
0.150 | 130092 | 3 |
0.155 | 41748 | 1 |
0.160 | 103334 | 2 |
0.165 | 38131 | 1 |
Last trade - 15.20pm 19/07/2024 (20 minute delay) ? |
Featured News
LAT (ASX) Chart |