Mittwoch, 19. November 2014

Freeport, Southern Copper: Marktführer optimistisch über Kupferpreis-Entwicklung

Verantwortliche von den drei Kupfergiganten Codelco, Freeport McMoRan (NYE:FCX) und Southern Copper (NYE:SCCO) geben sich in den jüngsten Statements sehr optimistisch für die mittel- bis langfristigen Aussichten der Kupferpreise:

Copper companies optimistic about medium-term prices 

Carl Surran, SA News Editor
  • Copper demand growth of 3%-4% per year over the next five years means 4M-5M metric tons of new supply - the equivalent of 10-12 big mines - would be needed, but the mines do not exist, according to Freeport McMoRan (FCX -1.2%) senior VP Javier Targhetta, saying, "We may see two or three big productions in the next few years but the impact will be diluted by falling production and grades. So I'm extremely optimistic as for where markets will be."
  • Southern Copper (SCCO -1.6%) CEO Oscar Gonzalez Rocha sees 2015 copper prices at ~$3.15/lb. but "with quite a lot of upside potential."
  • Prices could hit a record $5/lb. over the next 4-5 years, given the lack of major new mines on the horizon and as rising impurities such as arsenic force up costs for miners, Codelco CEO Nelson Pizzaro says..


"..BHP To Shift Spending to Copper as China's Economy Matures -- Market Talk

Published: Nov 18, 2014

BHP Billiton (BHP.AU) has poured billions of dollars into expanding its iron-ore and coal mines in recent years. Those days are now over and the world's No. 1 miner has its eyes on a new prize: copper. The shift to this industrial commodity is a bold bet China is shifting to a consumer-driven economy that will consume more copper-laced products after years of heavy demand for steelmaking ingredients iron ore and coking coal. "Copper demand is going to continue to grow for a really long time," says BHP marketing president Mike Henry. "Our confidence in that transition [to a consumer-driven economy in China] is as strong as it has ever been," he says. He expects the market will face a significant shortfall by 2018 and that, without new or expanded mines, global copper demand will outpace supply for at least a decade. (; @RhiannonHoyle)..."




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