Mittwoch, 9. März 2016

Produzent Freeport: Überangebot am Kupfermarkt in 2016

Ein Verantwortlicher des weltgrößten, börsennotierten Kupferproduzenten sieht kein Ende des Überangebots in 2016 am Kupfermarkt..


Copper cuts not enough to end surplus in 2016, Freeport exec says


Copper production cuts will not be enough to end a surplus this year and demand will not catch up with supply until 2017, Freeport McMoRan (FCX -1%) senior VP of marketing and sales Javier Targhetta tells Bloomberg.
~700K metric tons of supply will have been removed in the year through mid-2016, but new supplies from mines added this year mean a glut will not be completely wiped out in 2016, Targhetta says.
Copper prices have tumbled in the past three years amid slowing economic growth in China, the metal's biggest consumer; meanwhile, production outpaced demand by ~147K tons in 2015, the biggest surplus since 2009.
"Long term I am very positive," Targhetta says. "I don’t see any new projects."

Quelle: stockcharts.com

Quelle: stockcharts.com

Quelle: stockcharts.com

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