Copper Demand Expected to Exceed Supply in the First Half of 2013
06 December 2012 - 12:20AM
Marketwired
China's slowing economy, which is set to grow at the slowest pace
in over a decade, has recently shown much needed signs of
improvement. Copper prices last week surged to a 6-week high on
rising demand from China, who accounts for approximately 40 percent
of global demand. The Paragon Report examines investing
opportunities in the Copper Industry and provides equity research
on Sterlite Industries India Ltd. (NYSE: SLT) and Thompson Creek
Metals Company Inc. (NYSE: TC) (TSX: TCM).
Access to the full company reports can be found at:
www.ParagonReport.com/SLT
www.ParagonReport.com/TC
A recent survey has shown that manufacturing in China, the
world's second largest economy, expanded for the first time in 13
months. HSBC's Purchasing Managers' Index last week rose to 50.4
for November, any reading above 50 signals expansion. China's
leaders have slashed interest rates twice since June and have
announced $150 billion in infrastructure projects in attempts to
boost its slowing economy.
Recent estimates from Barclays PLC have shown that copper demand
will exceed supply by 316,000 metric tons in the first half of
2013, before reaching a surplus in the second half of the year.
Global demand for copper is expected to grow by 3.4 percent to
20.85 million tons in 2013, while China's demand is expected to
grow by 5.5 percent to 8.1 million tons.
Paragon Report releases regular market updates on the Copper
Industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.ParagonReport.com and get exclusive
access to our numerous stock reports and industry newsletters.
Sterlite Industries is the principal subsidiary of Vedanta
Resources plc, a diversified and integrated FTSE 100 metals and
mining company, with principal operations located in India and
Australia. It was the first Indian Metals & Mining Company to
list on the New York Stock Exchange. Shares of Sterlite have gained
over 30 percent year-to-date.
Thompson Creek is in the process of constructing the Mt.
Milligan mine, with start-up expected in the third quarter of 2013
and commencement of commercial production of copper and gold
expected in the fourth quarter of 2013. Shares of the company have
fallen over 50 percent year-to-date.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at:
http://www.paragonreport.com/disclaimer
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