Besides, an increasing number of strikes have lead to disruptions in supplies. |
I think we are still in the early stages of the bull trend in copper. We have years of strong prices ahead of us. |
In this situation, where you have strong global growth, constraints on the supply side and a general decline in inventories, prices will continue higher. |
Investment funds believe that there's more move on the upside. |
Supply concerns at the forefront of market attention and any threats to production are feeding straight through to price. |
The decline in US aluminum consumption in 2005 involved a great deal of de-stocking. As such, we expect strong buying appetite on any price weakness as order books are looking healthy. |
The lower numbers we have seen have attracted buying interest from a combination of end-users and speculators particularly from China. |
The prospect of demand growth and low inventories will continue to drive prices going forward. |
There are many supporting factors. The uptrend will remain in place. |
Zinc prices are up on low capacity utilization rates at Chinese zinc smelters due to concentrate shortage, and strong demand driven by galvanized steel. |