Copper - Back above $3lb!

[YOUNG_TRADER]

After research, I find the high voltage transfer line is made of Al alloys in China. So maybe Al company could benefit more from this news.
What company is current Al producer or potential Al producer in ASX except RIO?

Alcan/Alcoa, probably why RIO is making a move

 

[56gsa]

After research, I find the high voltage transfer line is made of Al alloys in China. So maybe Al company could benefit more from this news.
What company is current Al producer or potential Al producer in ASX except RIO?

AWC Alumina Ltd - currently running into blue sky

 

[Wysiwyg]

Just looking at the base mental prices for copper and so on and no direct affect from the DOW overnight decline.Is there no connection?Or is there a lag on reaction time?A double top maybe?



Copper July 26,20:10
Bid/Ask 3.6114 - 3.6250
Change +0.0023 +0.06%
Low/High 3.6092 - 3.6591

 

[56gsa]

Just looking at the base mental prices for copper and so on and no direct affect from the DOW overnight decline.Is there no connection?Or is there a lag on reaction time?A double top maybe?

was the "mental prices" a freudian slip ?? like it - and yes - could well be a double top - or it may take a triple - ABN have just put out one of their reearch notes on their model for copper (these models are pretty good for commodities explaining over 80% of price movement)

link is here

https://www.abnamromorgans.com.au/index.cfm?objectid=D8C54D20-BDB6-A373-4C38456433A58B62&ID=75341b39%2Ded16%2D488f%2D97ae%2D3c9ca01d8b1c

or if that doesn't work - conclusion was...

Conclusion
A major decline in the stocks to consumption ratio of copper justified a
dramatic increase in the copper price between 2002 and 2005. The
following year 2006 saw a volatile pattern of trading with the copper price
rising rapidly into overvalued territory and then collapsing. Our model of the
copper price suggests that copper appears to be repeating its 2006 behaviour
in 2007.
A sharp fall in the beginning of the year is being followed by a rally into
significantly overvalued territory. Currently the equilibrium price of copper is
$US6,635 per tonne. We expect copper to decline towards that value around
year end.

 

[56gsa]

this outlook differs from the one above - although the copper LME stocks have jumped in the warehouse closest to China

http://www.bloomberg.com/apps/news?pid=20601012&sid=aQ3e7ePv8ebk&refer=commodities