Copper Miners Branch Out for Profits
20 Gennaio 2011 - 5:25PM
Marketwired
After spiking more than 30 percent in 2010, the price of copper has
shown little sign of slowing down to kick off the new year. For a
brief moment yesterday London copper prices rose to a record high,
lifted by a fall in the dollar and positive US earnings
expectations. According to the International Copper Study Group,
simple supply and demand is the primary reason for the surge in
copper's price. The study group claims that mine production
increased a mere 1 percent year on year after the most recent
quarter, while usage was up more that 8 percent. Should the strong
demand trends continue, analysts argue that the price of copper
could continue its record run. The bulls who believe that copper
prices will continue to surge may be inclined to look into copper
miners. Investors in copper miners are banking on rising earnings,
as copper prices rise, to provide value. The Bedford Report
examines the outlook for companies in the Copper Industry and
provides research reports on Taseko Mines Ltd. (NYSE Amex: TGB) and
KAT Exploration Inc. (PINKSHEETS: KATX). Access to the full company
reports can be found at:
www.bedfordreport.com/2011-01-TGB
www.bedfordreport.com/2011-01-KATX
Mining and metals consulting firm CRU estimates that China's
copper consumption will almost double by the end of 2020, which
would account for nearly 50 percent of world copper sales. With
over 1.3 billion citizens, China needs loads of the red metal to
meet its modernization requirements for electricity and
infrastructure.
Bonnie Liu, an analyst at Macquarie Group Ltd, argued last week
that China's copper demand may increase 6 percent this year after
climbing 10 percent in 2010.
The Bedford Report releases regular market updates on the copper
industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.bedfordreport.com and get exclusive
access to our numerous analyst reports and industry
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While a higher copper price means higher earnings for copper
miners, many companies in the industry have found other means for
profits as well.
Earlier this month Canada-based Taseko Mines saw its share price
skyrocket more than 15 percent after the company announced that 21
of 23 drill holes in its niobium drilling project in British
Colombia intersect "excellent grade niobium mineralization."
Niobium is a much sought-after mineral due do its plethora of
industrial uses.
Also branching out, the much maligned KAT Exploration announced
last month that it drilled rare earth elements at its 100 percent
owned Rusty Ridge Property.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
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members. The Bedford Report has not been compensated by any of the
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and are aware that all investment entails inherent risks. Please
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