13 mar: Hvordan skaber man sult i paradis?
30 mar: USA/Tendens: Europæisk åndedrag ses krydse Atlanten
13-03-2012 09:26:00

Antofagasta CFO: High Probability 2012 Copper Market In Deficit

Relateret indhold

By Andrea Hotter

Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- The global copper market will likely be in a deficit in 2012 given expectations for supply side disruptions, with prices averaging $3.80-$3.85 a pound, in line with analysts' consensus, Chilean miner Antofagasta PLC (ANTO.LN) said Tuesday.

The U.K.-listed copper firm said that there was a "big probability" of a deficit in 2012 with a number of disruptions already impacting the supply side this year.

"We're seeing demand for copper still growing, despite a slowdown in world gross domestic product growth, but the supply side is not reacting (by rising to meet higher consumption)," Chief Financial Officer Alejandro Rivera told Dow Jones Newswires. "Last year we saw a number of a supply disruptions and we expect 2012 to be similar to 2011," he added.

Rivera said that the financial problems in the euro zone are creating macroeconomic uncertainties including difficulties dealing with banks for project financing, but noted the situation has improved a little of late.

A slowdown in China, the growth engine for copper demand, is also causing some short-term concern but Rivera said Antofagasta remains optimistic in the long-term.

"We're confident there will be an increase in Chinese demand; it may be slowing but it's still growing, so even if it grows at 7.5%, it's still good growth," he added.

-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413; andrea.hotter@dowjones.com

(END) Dow Jones Newswires

March 13, 2012 05:26 ET (09:26 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Merck leverer bedre end ventet og opjusterer - NY

28-04-2015 13:22:27
Det amerikanske medicinalselskab Merck kom pænt ud af første kvartal, hvor selskabet leverede noget bedre end ventet på bundlinjen. Samtidig løfter Merck sin pr..

Aktier/middag: Bøtten vendt på hovedet for C20 Cap

28-04-2015 11:07:14
Gassen er gået af ballonen for de danske aktier tirsdag, efter at mandagen bød på rekord nummer 28 i 2015 for C20 Cap-indekset, der blev sendt til vejrs af oplø..

Aktier/tendens: Royal Unibrew i fokus i rødt Europa

28-04-2015 08:20:04
Regnskaber er på dagsordenen tirsdag i Europa, hvor selskaber som Philips, BP, Daimler, Swedbank, Total, TNT Express og Atlas Copco er til eksamen og kommer til..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/middag: Bøtten vendt på hovedet for C20 Cap
2
Aktier/tendens: Royal Unibrew i fokus i rødt Europa
3
Vind: Brasiliansk auktion skuffer fælt
4
Mandagens aktier: Græske toner sparker C20 Cap i rekord
5
Novo: Liraglutide kan måske anvendes til leversygdom - medie

Relaterede aktiekurser

Antofagasta PLC 807,50 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
28. april 2015 16:26:36
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150424.2 - EUROWEB7 - 2015-04-28 16:26:36 - 2015-04-28 16:26:36 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x