China Copper Purchases May Trigger Deficit, CICC Says
posted on
Mar 18, 2009 07:35AM
Dear shareholders,
In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically Copper, please see the attached article titled “China Copper Purchases May Trigger Deficit, CICC Says”
China’s State Reserve Bureau may raise purchases to 1 million metric tons from 600,000 tons, analysts led by Luo Wei wrote today in a note. The purchases “would easily turn a global surplus of between 350,000 tons and 400,000 tons this year” into a deficit, they wrote.
Regards,
AGORACOM Investor Relations
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