TheStreet

How Indonesia Could Sink the Worldwide Copper Market

TheStreet

Tue, Jul 22, 2014, 2:41 PM

Investors watching copper prices should keep an eye on elections in Indonesia, where unprocessed ore exports are banned. Independent Metals Trader Eric Zuccarelli tells TheStreet's Joe Deaux that continuation of strict copper export laws following Indonesian elections may limit international supplies and support global copper prices. Zuccarelli also looks at copper stocks in China and the London Metal Exchange as a way traders are determining future prices. Analysts argue that prices could be poised for more gains as mining production is coming offline and demand is rising in the United States and Europe. TheStreet's Joe Deaux has details from New York.

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