Wednesday, February 18, 2009

When will copper prices rebound? reprints an extensive analysis of the copper markets by Bloomsbury Minerals Economics that looks at major copper projects being put on hold or delayed worldwide to conclude that 2009 will be a year of significant stockpiles of copper. They calculate shortages developing in 2010 and getting larger in 2011, which will push prices higher.

However, read the comments section and see that others are pointing out errors or omissions in the report, meaning that more production is going forward than reported. So, don't hold your breath on a copper resurgence any time soon.

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