Copper prices to stay high in 2012

Despite some price retracing in 2011, the copper physical market fundamentals remain strong, with China?s growth set to again underpin copper?s performance although it may not be the ?market savior? that it was in 2009.

In the longer term, according to Intierra Resource Intelligence, increased mine supply will temporarily overwhelm the market, creating a dip in the price of copper from 2014 to 2017 followed by a recovery in the last part of the decade. Production costs will become more of a factor in determining the price of copper and these costs are higher than in the past.

Intierra?s Executive Director, Glen Jones, will present ?Copper: Market Dynamics and the Exploration Pipeline? at the four-day PDAC 2012 Conference in Toronto, Canada on Sunday March 4 at 2:15 pm. This talk is part of the Commodities and Market Outlook session.

In addition to meeting over 1,000 exhibitors and 27,000 attendees from 120 countries, it presents the opportunity to attend technical sessions, short courses, the Prospector?s Tent, the Core Shack as well as various other social and networking events.

Editing by Dadan Wijaksana