Friday, April 23, 2010

More base metal linkage

Some more base metal background information:

New Aluminum capacity coming online in the gulf, which makes sense. Considering electricity costs are a large part of the cost structure, getting close to low price energy makes sense.  Pity the high cost AL producer.

Substitution effect for copper, aluminum and plastic.  High prices in copper create demand destruction as other products are used.

Zambia copper production update:

General copper overview as compared to CRB, industrial production, and the BDI

China importing copper

Have a good weekend.

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