China Could 'Surprise to the Upside' of Copper Prices-Scotiabank

Source: Mineweb, Dorothy Kosich (7/24/09)

". . .Chinese demand propelled LME copper and nickel prices to a six-month high."

As China became the first major economy to emerge from the global financial crisis, Scotiabank economist Patricia Mohr noted Chinese demand propelled LME copper and nickel prices to a six-month high.

Meanwhile, contrary to expectations, China's copper imports rose to another record high in June. Nickel prices also rallied this spring and summer "alongside tightening nickel supplies in China, linked to a tentative pickup in China's stainless steel production, the recent sale of 60% of Jinchuan's monthly nickel production to China's State Reserve Bureau and the shutdown of most nickel pig iron operations in China."

Scotiabank's Metals and Mineral Index strengthened significantly last month, up 4.7%. "A strong rally in base metals, moderate gains in precious metals and higher uranium prices more than offset a slight decline in potash and lower cobalt prices," Mohr said.

In her analysis, Mohr advised, "While we still expect a seasonal pullback in China's copper imports in the next several months, following restocking by fabricators, China could 'surprise on the upside.'"

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."