“The bull case on copper has grown even more compelling over the last month. Sentiment in the copper market has been boosted by yet more disruption to production.”
“We see the writing on the wall of some changes that could be taking place in the copper market. However, at this point, we're not necessarily at a point where we can call for that yet.”
“Commodities are the flavor of the month. Gold, silver, zinc or copper, it doesn't really matter what it is, as long as it's a commodity.”
“The threat of supply disruptions has reminded investors just how tight the copper market is, even though stocks may have risen in recent months.”
“We believe that copper prices could remain unusually high for the next 6-12 months and should continue to generate extraordinary earnings for copper producers.”
“Copper is often perceived to be the barometer for market conditions and therefore a significant fall in copper prices could remove speculative support from other metals.”
“Our revision does not guarantee that the copper market moves to surplus, but it does suggest the market is coming closer into balance.”
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