Commodity Trade Mantra

Posts Tagged ‘Copper Demand’

Copper - True Economy Indicator & a Better Inflation Hedge than Gold

When it comes to inflation, which can erode the value of portfolios that don’t keep pace with rising consumer prices, anyone who bought gold as a hedge over the past 25 years missed out on a much better deal — copper. While data show that broad commodity indexes provided the best bang for the buck during periods of rising costs in the US, Copper – “the metal with a Ph.D. in economics” stands out.

Citi and Goldman are Highly Bullish on Copper

With workers at the world’s largest mine, Escondida, set to begin a strike, and with a new Grasberg export permit yet to be granted after the prior permit expired almost a month ago (January 11), downside risks to supply appear increasingly likely to materialise and translate into copper production losses. With exchange copper stocks already very low, physical tightness could lead to price spikes.

$8 Trillion Alternative Energy Boom Is a Win for Copper

Global copper consumption is poised to increase not just because electricity demand is growing. New energy technologies require more copper than traditional sources. Each megawatt of wind power capacity uses 3.6 tonnes of copper. The most significant growth is in production of electric cars, which use 2 to 3 times more copper than internal combustion engines.

On The Coming Collapse Of Copper

Metals and mining commodities – including the base and bulk commodities, steel and cement – are highly exposed to a slowdown in the Chinese property, with over 40% of Chinese demand for cement and copper in particular consumed in the construction sector.

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