very interesting

0140 GMT [Dow Jones] Copper outlook to focus on supply side; prices reach close to key
psychological level of $8,000/ton on LME, driven by dwindling stocks, robust demand,
supply side constraints, says Citigroup. Notes copper facing "never ending supply
risks", play significant role in keeping copper price above $3.00/lb ($6,612/ton),
2006 and 2007 supply 7% lower than forecast, no change anticipated this year - potential
production shortfalls in Chile, power issues in Africa, weather disruptions. Also, as
prices stays high, mining companies to target low grade material. New copper projects to
become increasingly important to supply beyond 2010; projects to face the same
operational difficulties as current ones but also expects number of projects to be hit by
the current debt crisis - unable to attract project finance.(EFB)