1. Although copper supplies are scare now, most analysts expect demand to fall during the summer when construction activity slackens. 2. Ample copper supplies continued to weigh on the market. 3. Analysts say some traders holding a large portion of available copper supplies have kept spot prices artificially high by consistently buying up or locking away supplies for immediate delivery. 4. At the same time, new and expanded production is beginning to push copper supplies toward a global surplus. 5. Copper fell for a second day amid expectations copper supplies stored in exchange-run warehouses will rise in coming weeks. 6. Copper supplies are expected to outstrip demand in the second half of the year and that should help to push prices down, they say. 7. Eventually, a growing number of analysts started sounding alarms about copper supplies outstripping demand. 8. Looming on the horizon are significant additions to the global copper supply. 9. Most analysts said only a prolonged strike would effect world copper supplies. 10. Overnight, the Lisbon-based International Copper Study Group said global copper supply exceeded consumption for the fourth consecutive month in October amid rising production. |