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overtheedge
Member since May 2012
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Chinese Copper Elephant - Richard Mills - Ahead of the Herd

If some of the central African countries, such as Nigeria, get their politico-economic acts together, then increased demand for base metals, especially copper, could go to extremes as well. Consider the potential demands for electrification in Nigeria alone. Refrigeration, air conditioning, lights and entertainment. Then manufacturing which will grow in-country to help meet demand.
Depending on how each investor positions themselves, each could easily be in for interesting to outright exciting times ahead: both on the upside and downside.

Good article. Thanks.

Commented 3411 days ago

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Beginning of the headline :Wood MacKenzie sees stronger prices for copper. “Over the last 10 years, copper’s annual average growth rate in demand has been 13% for China. The annual growth rate over the next five years is going to be 5%. Over the last 10 years, average annual copper consumption has been 600,000 tonnes, and going forward it’s going to be 500,000 tonnes…” Northern Miner Rio Tinto An October update to the Thomson Reuters GFMS 2014 Copper Survey predicts global demand will have grown by 859,000 t... Read More

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