Copper prices set a new record
At
to Bloomberg, London Metal
Exchange the price of the red metal broke
another record: its price (deferred
delivery in 90 days) increased by
0,8%, having exceeded, thus, the old record
value of more than $ 20
per ton, and amounted to the sum of 9774,75 $. And already
19th of January was fixed figure 9778
$ ./T.
Similar
development scenarios of the copper market confirm
the analysts on an unprecedented rise
the popularity of this non-ferrous metal.
And once again give reason to think
on equity expectations
industry on the growth of prices for it
in the current year to the level of $ 10 000 per tonne.
We will remind, what exactly about those numbers
mentioned in an interview with the head of the Council
of Directors of the Indian copper company
«Hindustan Copper Limited», Ahmed Shakil. In his
opinion, one of the important factors such
development — significant
the increase in demand for copper by the Chinese
companies with a parallel constraint
supplies. After all, according to conclusions of experts,
consumption of the red metal in China in
2011 should grow by 8% in comparison
since last year, and as a result
the amount of 7.3 million tons. While
the rate of growth of mining of copper change (in
the results of the last months) is much
slower.
Not
added optimism to the consumers of red
metal analysts at JP Morgan
Securities Ltd: in their opinion, a deficiency of this
substances on the world market in the current
year is not less than 500−600 thousand tons
(even the most conservative forecasts).