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Copper price to stay stable in 2013, says Aurubis

Tuesday, October 16, 2012 - 02:42

Oct. 16 - The prospect of ECB bond buying and more QE will offset weak global growth and mean copper prices stay stable at around $8,000 a tonne says Stefan Boel, member of the board at Aurubis.

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A weakening global economy and sluggish demand from China what does -- mean for copper prices extend well. That says tool to step on -- member of the board at -- this Europe's biggest -- -- -- it's just fun. What exactly is the -- Mon going to be like in twenty that -- Bond buying us is is very important for Europe you -- because what we needed this confidence. -- in the market and market participants. And that's what's this is providing throws QE2 also grew three whatever it is but inject more money into the whole economic system and that is -- -- -- However we do have disorders demo doesn't use it in the and so peoples of the world. So and we think that these things of Obama's altitude so that's why again we have a stable outlook at its current levels are going forward. What's your view and you arrest him on -- is also looking -- said but we've had some good data comes through. By the US forest where is this quiet -- -- was quite good actually in during the year. And the only Cecil slowdown in -- just recently actually. And but we don't. But it was hopeful that this little movement on -- -- two or three months alone -- just see that the fundamentals and you're a smoker so quite okay diseases volatility moving back towards it's a good level. Complete sentences next you can just to keep the cost apple one us. Construction receive -- stable. If it's not stupid but we don't see any deterioration and that's -- outside but feel particularly excited over in the whole renewables. I'm Brit expression grid upgrading in the -- renewals and then over to big song and there's a couple going to be needed for. And of course those images while that remains strong from China. What's -- motive in China as strong or to Malta in Europe is recently slowing down a little bit but it was during the whole let's say it costs here very very good. Let's say continue with China on what is to stop situation today than they are trying to stop still high and -- he's put a cap on prices. Dishonest folks have always being there these -- there. But these levels so we don't see much changes in the -- in this talks. And and putting a cap on prices the stocks on there it was diverted before and I haven't seen a couple viruses and immersive moved up two to 8000 -- and I -- thousands of rethink it's a fairly fairly good flyers. I'm giving what to stock situation is. And given what to -- all sizes. Thanks very much admissible that was -- able member of the board at -- this Europe's biggest caucus not a I am urging all and this is voices.

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Copper price to stay stable in 2013, says Aurubis

Tuesday, October 16, 2012 - 02:42