Excerpt from: Futures and Commodity News
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| January 21, 2008 | | U.S., European copper demand expected to weaken | Even though Chinese demand is expected to remain stable, U.S. and European demand for copper is still rather substantial. The current stock market weakness on both continents is expected to slow demand for copper in commodities trading. Bloomberg reports on copper prices on the commodities market:
``Most of the pressure on copper will be negative over the
next six to 12 months,'' said Andrew Keen, an analyst at Sanford
C. Bernstein Ltd. in London. ``You still have mine supply growth
coming through and you've still got some weakness in demand in
the U.S. and Europe.'' | | |
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