World Copper Short Supply in 2010, Triland
Triland Metals, which is a ring member of London Metal Exchange, expects world copper ingot would be 75,000 tonnes of short supply in 2010 due to strong demand in China. The firm expects the 3-month future price would be averaged US$ 7,700-8,200 per tonne in the year when nonferrous metal investment continues under lower US dollar rate. The firm forecasts primary aluminium price is averaged US$ 2,000-2,300 per tonne when the oversupply is 500,000 tonnes compared with 1.8 million tonnes of oversupply in 2009.
 |
