10 Quotes by Ingrid Sternby
- Author Ingrid Sternby
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I think we are still in the early stages of the bull trend in copper. We have years of strong prices ahead of us.
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Supply concerns at the forefront of market attention and any threats to production are feeding straight through to price.
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The prospect of demand growth and low inventories will continue to drive prices going forward.
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The decline in US aluminum consumption in 2005 involved a great deal of de-stocking. As such, we expect strong buying appetite on any price weakness as order books are looking healthy.
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There are many supporting factors. The uptrend will remain in place.
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Besides, an increasing number of strikes have lead to disruptions in supplies.
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Zinc prices are up on low capacity utilization rates at Chinese zinc smelters due to concentrate shortage, and strong demand driven by galvanized steel.
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In this situation, where you have strong global growth, constraints on the supply side and a general decline in inventories, prices will continue higher.
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Investment funds believe that there's more move on the upside.
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