22 Quotes by Andrew Harrington
- Author Andrew Harrington
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There are a couple of countervailing forces in play.
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Prices have been rarely, if ever, this high. Now is the time to make hay.
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People talk about stocks being relatively high in terms of the five-year averages, but it's not as rosy as those numbers suggest because the size of the economy, and therefore demand, has grown. There's still a perceived tightness in the market.
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Zinc is a lot stronger in terms of supply characteristics than the other metals.
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This appears to be a more coordinated and organized series of attacks. Prices have room to go up $3 or $4 a barrel.
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This is the time of year when stockpiles should be rising. We're in that sort of in-between period. Winter is sort of over and summer hasn't really started.
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There is still strong growth potential in metals commodities in 2006 and now is the time to make hay.
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The cost of producing more from mines and processing plants needs to be weighed in terms of costs when boosting production, but no mining company in its right mind would be holding back if it didn't have to.
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If you've got declining gas supply and people start burning more oil, then that's one thing, and then you've also got limited supply from Iraq. Suddenly there's a bit of supply news, and a bit of demand news, and it's the combination of those two that's pushing prices up.
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