Copper prices rose as demand will outstrips production

June 24, 2011 - PRLog -- Copper prices rose as demand will outstrips production

Copper on the London Metal Exchange rose 1.4 percent to $9,085 a tonne.

Copper demand is going to increase 10 percent in 2011. This demand will outstrips production output forecasts of 3 percent in 2011

Copper shortfall production was 436,000 tons in 2010.

Albanian Minerals President and CEO  Sahit Muja said "  Demand from copper In China, US, India and Germany could add even more pressure to an already strained market".

That’s good news for  copper investors and miners. Growing demand for copper will drive up prices".

   There's looming inflation in China and India this will help copper prices .

 There's projected shortfall in copper supply  and now the red metal shining brighter to invest.

China consumes almost forty percent of the world's copper production yet holds only 6.3 percent of the world's copper reserves .

Albanian Minerals President and CEO  Sahit Muja said  "We’re all well aware by now that the world is facing a copper supply deficit".

The price of the copper rose 30 percent in 2010.

A booming growth in the emerging economies need much more copper. But the tight  copper supply situation means there are plenty of opportunities for investors.

Global demand for copper increased 8 percent in 2010, outpacing supply. No surprise, China was the main driver behind the increases.  

The U.S. copper exports to China surged 20 percent in 2011.  Albanian Minerals predicts that  copper supply deficit is going to get worse.

Albanian Minerals  believes worldwide copper demand is going to increase at least 10 percent in 2012.

That again outstrips production output forecasts of 4 percent in 2012.
Albanian Minerals
New York

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Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe