Yes Copper making another attempt to breach $4 USD per lb as I write.
Below is a news article from OXR CEO about Copper. I saw the CEO of RIO suggesting demand will grow at 4% per year for a generation
Article:
SANTIAGO (Dow Jones)--The copper market is the "very, very big winner" as demand from Asia drives growth, the chief executive of Oxiana Limited (OXR.AU) said.
"We're in for a generation of economic growth led by China and followed by India, with most other countries chipping in," Owen Hegarty told the CRU conference in Santiago.
This is despite a number of "humps and bumps" for copper demand along the way, with the slowdown in the U.S. leaving it decoupled from the rest of the world.
"Asia now consumes more than half the world's copper, but only mines 15% of its output and accounts for just 5% of the world's exploration expenditure," Hegarty said. "This needs to be addressed."
-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413;
Yes Copper making another attempt to breach $4 USD per lb as I...
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