please stop oxr moving up

Now already 97 cents. But that is far too high for the detractors!


Miningnet.news:

Big copper deficit


Friday, March 19, 2004
THE world copper market is running at a weekly deficit of 40,000 tonnes, according to an analysis by Bloomsbury Minerals Economics.

The London-based study group forecast the second quarter shortfall in copper at around 500,000t.

The Bloomsbury report was backed up by a Dow Jones survey of the copper market which found that the 180,000t decline in copper stocks at the London Metal Exchange was the biggest monthly fall since June 2000.

The Dow Jones survey also found that cancelled warrants, which is a notification system of stocks to be moved, pointed to a further dramatic increase in stock decline at the LME.

The copper decline at the LME on Thursday alone totalled 6000t, taking warehouse inventories down to 229,000t.