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Southern Copper Corp. Message Board

  • pissinginthewind pissinginthewind Nov 24, 2005 9:48 PM Flag

    copper up...

    is 65.00 coming soon for this stock...what do u folks think happens after the 28th...i think stock is to see 70 this year...

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    • PCY going down to 55.

      • 4 Replies to mestqalander
      • More on the further upswing in Copper.Shorts, you better RUN for cover.

      • PCY might be going to 55, but why would any holder of PCU care?

      • If I were you I would short all of the "PCY" I could find- that is if it it over $55

      • Another stupid short has entered. How about this...MORON

        Copper May Rise For a Sixth Week in London on Forecasts for Output Deficit
        Nov. 25 (Bloomberg) -- Copper may rise for a sixth consecutive week in London because of forecasts from analysts that demand may outpace production in 2005 and 2006.

        Stephen Briggs, an analyst in London at Societe Generale, said in a Nov. 21 report that he doubled his forecast deficit for this year to 500,000 metric tons. Next year there will be a shortfall of 200,000 tons, Credit Suisse First Boston said in a Nov. 21 report. Prices may almost double in the next two years because of lagging supply, the bank said.

        ``People have been expecting the market to turn into a surplus for some time, but supply continues to disappoint,'' said David Thurtell, an analyst in Sydney at the Commonwealth Bank of Australia, in a television interview today.

        Copper for delivery in three months on the London Metal Exchange rose $24, or 0.6 percent, to $4,217 a ton as of 10:24 a.m. local time. The metal, used in wiring and plumbing, is $17 higher than its Nov. 18 closing price. On Nov. 21 copper traded at $4,243, equaling a record set Nov. 18.

        Output has been curbed this year in Chile, the world's largest copper-producing nation. The Collahuasi mine, owned by Falconbridge Ltd. and Anglo American Plc, lost 20,000 tons of production in the first half of this year due to a conveyor system failure. Cerro Colorado, a mine owned by BHP Billiton, the world's largest mining company, lost output after an earthquake in June.

        A fuel shortage in Zambia, Africa's largest copper-producing nation, cut output at plants operated by Glencore International AG and Vedanta Resources Plc in October. Asarco LLC, the second- biggest U.S. copper producer, said Nov. 8 it reached an agreement with unions to end a four-month strike at plants and mines in Arizona and Texas. The dispute cut Asarco's output by about half, the company said in August.

        Aluminum rose $1.5, or 0.1 percent, to $2,085.50 a ton. Yesterday it traded at a 10-year high of $2,096.

        Zinc increased $6 to $1,655, nickel dropped $125 to $12,925, lead was $5 higher at $993 and tin was unchanged at $6,150.

        To contact the reporter on this story:
        Simon Casey in London at

        Last Updated: November 25, 2005 05:26 EST

27.70+0.30(+1.09%)Oct 24 4:02 PMEDT