The bold is me highlighting parts of the article while the underline section is my comment.
http://www.fxempire.com/fundamental/fundamental-analysis-reports/metals-pack-weekly-fundamental-analysis-march-23-27-2015-forecast-silver-copper/
Metals Pack Weekly Fundamental Analysis, March 23-27, 2015 – Forecast – Silver & Copper
Posted March 21, 2015 8:12 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Fundamental Reports[/paste:font]
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here
Weekly Analysis and Recommendations:
Silver soared on Friday to close the week well above its trading range adding 611 points at 16.725 while Copper added 93 points to end at 2.753. Silver marched on the cues from gold after comments from the Fed this week.
Copper prices recently got support after Freeport-McMoRan Inc. halted production at Indonesia’s Grasberg, the world’s second-largest mine for the metal by capacity. About 50 workers blocked access to a road to the mine for the fourth straight day, and output was suspended, while shipments from inventories continued.
China’s commodity demand will slow down as the country morphs into a less investment driven and more commodity led economy in five years, a new report by Barclays says. This new economy, as Barclays foresees, will be not as competitive in global manufacturing, but less polluting. Influence in global industrial metals markets will greatly diminish as domestic growth rates slow sharply and China’s global market share falls back. (At 6-7% growth it still means China's economy will double every 7-8 years!)
Unless other developing countries take up the slack, global metals demand growth rates over the next five years will be much slower as a result
MMG-the operator of Australian Century Mines has reduced the zinc guidance for the year. The operator is likely to close down its operations at the mine. Similar closures elsewhere in the world may lead to supply shortage, which in turn may propel zinc prices to higher levels. However, the capacity of Chinese mills and mines to respond to higher prices is still a matter of concern. The most recent assessment of the International Lead and Zinc Study Group (ILZSG) was that the refined zinc market was in a small surplus in both December and January.
;-)
The bold is me highlighting parts of the article while the...
Add to My Watchlist
What is My Watchlist?