|  | 07/12/2004 |
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Copper Supply is Increasing in the World
Supply of a copper ore stone is expanded in response to a market jump in the world. It has come from the delay of refinement capability reinforcement with the ore, which lost the place to go to, and goes into the dumping state in spot market. It is supposed that spot copper ore price attached at 140 dollars momentarily in last weekend, and there is also a view that it will progresses to also 150 dollars in the biggining of 2005 in spot market. Japanese some refinement maker said that its price was moved by trader, but a mine, and its price conditions are opaque. The prospect which the negotiation on an end of the year of long contract which determined two years comes to a close to spot market, and is already settled by the line of 85.5 dollars. In view of the result of the negotiation on 2003 ends of the year which it was around 42 dollars in 2003, it will double. It becomes that Japanese refinement maker make an extensive improvement of purchase conditions. However, the motion in a spot market is over the anticipation by the side of refinement.
The increase of the refinement capability has not caught up with the speed of the increase of ore supply. Although the reinforcement construction is finished with India or Thailand, there have been a lot of troubles in respect of technology and an ore contract.
The copper ore stone is pushed to copper market jumps, and its amount of supply is increasing. There is also possible that the surplus of hundreds of thousands tonnes may come out.
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 | Copper Supply is Increasing in the World
| | Nippon Mining & Metals Reduces Copper Price by 10,000 yen/T
| | Japan Aluminium Condenser Shipment Jumps Over 10% in 2004
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