AGORACOM Investor Relations is pleased to bring you this Industry Report concerning the copper market and how it can impact Chapleau Resources.
According to an article posted on fxstreet.com, the world price of copper has reached its highest level since October of 2007.
Quoting different analysts, the current rally is well supported as inventories are getting tighter. Despite earlier reports that there could be a copper surplus driving copper prices down, the article quoted an industry follower saying the exact opposite has been happening.
It stated, “Fairfax analyst John Meyer said although Bloomsbury Minerals Economics have previously forecast a copper surplus during the next two years as mine supply rises disruptions, strong demand and delays could lead to an ongoing deficit that is likely to support prices".
Investment dollars have been flowing into commodity markets helping drive demand. The article states, “It does look as though funds are still pouring money into the commodities and judging by the charts there seems potential for more (investment)," said William Adams, BaseMetals.Com analyst.
You can read the article in its entirety by going to:
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId
AGORACOM is pleased to have brought you this industry report concerning copper and its potential impact on Chapleau Resources. We encourage constructive dialogue regarding the company, its prospects and the industry in general.
Sincerely
AGORACOM Investor Relations
