Copper on Verge of HUGE Commodities Bull

Source: Daily Markets, Don Miller (11/8/10)

"China's economic plan is fueling a relentless appetite for copper."

The next phase of China's economic plan is fueling a relentless appetite for electricity, spiking demand for copper. That has moved investors to drive up the price of the metal, as well as the stocks of companies that mine it.

Copper has risen 14% this year, with contracts traded on the London Metal Exchange tripling since December 2008. The Bloomberg index of world mining stocks this year has climbed 16% to the highest level since Aug. 1, 2008

"Copper is red gold," Jeremy Gray, global head of resources at Standard Chartered PLC in Hong Kong told Bloomberg. “We're on the verge of the biggest commodities bull market we have ever see.”

Gray predicts the metal could rise by 50% to $12,000/ton in the next 6–12 months.

Copper turned higher in 2003 as the global economy recovered from the 2001 downturn, then slumped in 2008 as the credit crisis kicked in. The metal rebounded in the last days of 2008 and has been on a tear ever since.

The surge in prices has been sparked by a classic supply/demand imbalance, mostly driven by emerging markets—especially China.

China's is on pace to almost triple its copper consumption to 20 million tons (Mt.) by 2020, when it will account for 49% of world copper sales, according to London-based CRU. That's more than the world's total production today. What's more, rising demand will create a potential global shortage of 11 Mt./year by 2035.

China is the world's second-largest economy; for its economy to maintain momentum, the country must urbanize its mostly rural interior. More than half of China's 1.3 billion people reside in rural areas. The per-capita GDP of inland provinces is less than half of that on the coast. Overall, the government wants to quadruple per-capita GDP from 2000–2020.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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