Wednesday, June 28, 2006
Mining chiefs cast doubt on strength of copper price
Frequent readers here will know this is not the first article published suggesting that the price of copper is being inflated by speculators.
Times Online
LEADING mining company directors have expressed concern about the level of speculative investment that has fuelled the copper price’s bull run, as new industry research raised doubts about China’s appetite for the red metal.
The FTSE 100 directors, who asked not to be named, said that they questioned the sustainability of the high copper price — which remains about 80 per cent up on last year’s level despite having shed almost $2,000 (£1,100) a tonne over the past month.
Times Online
LEADING mining company directors have expressed concern about the level of speculative investment that has fuelled the copper price’s bull run, as new industry research raised doubts about China’s appetite for the red metal.
The FTSE 100 directors, who asked not to be named, said that they questioned the sustainability of the high copper price — which remains about 80 per cent up on last year’s level despite having shed almost $2,000 (£1,100) a tonne over the past month.
Labels: Copper
