The continuing delays in the delivery of supply mean we can expect prices to hold at least at current levels. |
There are definitely signs that consumer demand has been picking up. Funds are buying heavily. |
There definitely are signs that consumer demand has been picking up again worldwide while mining and smelting disruptions are boosting a supply shortfall. |
With supply just not arriving quickly enough, it is increasingly looking as though it will take a severe downturn in economic growth and copper demand growth to tip the market into surplus. |