Goldman 'Most Constructive' on Copper

Source: Bloomberg (5/16/11)

"We believe a demand-rationing environment still lies ahead."

Bloomberg

Goldman Sachs Group remains "most constructive" on copper and zinc prices, with the recent sharp selloff in copper a "buying opportunity," according to a research report.

"Although we maintain that slower copper demand growth has deferred the drawdown in copper inventories to critically low levels into 2012, we believe that such a demand-rationing environment still lies ahead," the report said. "We note, however, that several price and fundamental data points in China suggest that demand is holding up."

Zinc's recent underperformance and expectation that demand growth will outpace supply growth supports Goldman's constructive view of the metal, the report said.

Production cost inflation will continue to support aluminum and nickel, the report said. Goldman raised its price forecast for the two metals, shifting to a "more neutral" outlook.

Mineral Exploration Co. Makes Important Discovery
Source: Ron Struthers (04/18/2024)

Ron Struthers of Struthers Resource Stock Report takes a look at the hundreds of M&A agreements recently signed, the current state of copper as it is breaking out, and Zonte Metals, a company that recently made an important discovery.

Expert Says Idaho Copper Stock Positioned To Deliver Big
Source: Clive Maund (04/18/2024)

In light of this morning's news, Technical Analyst Clive Maund takes a look at NevGold Corp. to explain why he believes it is an Immediate Strong Buy.

Idaho Gold Project Could Produce One-Third of Critical Antimony for US
Source: Streetwise Reports (04/18/2024)

Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.