Business Intelligence
By Tom Stundza -- Purchasing, 11/19/2009 2:00:00 AM
91%
Copper price inflation by 2013
Source: RBS Global Banking & Markets
WHAT IT MEANS: Copper prices on the London Metal Exchange could be as high as $4.10/lb, a new high, by 2013 as the market moves into supply deficit from rebounding industrial demand. Note that spot world copper is on pace to average $2.20 this year.
9.2%
Global steel demand growth
Source: World Steel Association
WHAT IT MEANS: Latest world steel forecast for 2010 suggests 1.206 billion metric tons of apparent steel use, a rebound from the 8.6% decline to 1.104 billion metric tons in 2009.
100K
China's nickel hoard in metric tons
Source: Macquarie Research
WHAT IT MEANS: China has accumulated all this nickel, equal to a quarter of a year's use, bought at prices below current market averages. Analysts suspect the holders are waiting for higher prices before they sell off the surplus in global markets.
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