The copper supply situation is looking ever more dire. One analyst team is forecasting a 40% increase in the copper price this year.
If copper is set for a run, which stocks should you buy?
Danske Bank suggests the March correction in commodities has all but run its course.
Revisiting the bullish story for aluminium.
Steady demand growth and ongoing supply side issues remain supportive for the copper market and suggest prices in coming years will continue to remain high.
One deal was concluded on the uranium spot market last week. It’s quiet, but at least the spot price isn’t tumbling.
Industry consultant TradeTech left its weekly spot price indicator unchanged at US$74/lb.
Speculators have been driving oil prices and this makes a correction likely short-term but a tight market means prices will remain above US$100 per barrel in 2009 says Westpac.
Surveys of attendees at Barclays Capital’s fourth annual Commodity Investors Conference last week offer some insight into how professional investors are approaching commodity markets.
Barclays Capital suggests a weaker US economy doesn’t mean oil prices should come down as the market is being driven by other fundamentals beyond just the economic health of the US.