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Red Bull; Copper
Article from Bulletin/Magazine
The Economist (http://search.proquest.com/) vol. 400 no. 8752 (Sep. 2011)
Perpustakaan Pusat (Semanggi)
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Lihat Detail Induk
Around the world, copper crimes have soared along with its price. Filched cables have reportedly caused train delays and stalled repairs to telecoms networks. Heating boilers, pipes and air-conditioners have been ransacked. The metal's price movements are widely believed to prefigure shifts in the world economy. Copper is less sensitive to the ups and downs of rich-world economies than it was, however. New copper supply is going to be increasingly dependent on smaller mines that are deeper underground and have lower ore grades. Copper prices are likely to stay high because of the lack of good substitutes. In the short term copper prices may drift lower as growth slows in America and Europe. But high prices have encouraged destocking in China and those stocks will eventually need replenishing. Over the long term the fundamentals have most analysts convinced that high prices are here to stay.
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