Market Wire reported that copper miners have been trending downwards in recent weeks as prices for the metal have continued to slump. Copper prices set a new low for 2013 on slowing housing demand from China and the US Five Star Equities examines the outlook for companies in the Copper Industry and provides equity research on Freeport-McMoRan Copper & Gold Inc Southern Copper Corporation.
According to Copper Development Association 40% of copper demand is derived from the construction industry, as copper electrical wires and pipes are essential to both residential and commercial construction. A National Association of Home Builders and Wells Fargo report showed that builder sentiment unexpectedly declined to 46 in February. The median forecast of economist called for an increase to 48.
Five Star Equities releases regular market updates on the Copper Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Concerns regarding China's housing demand have also grew after the Chinese government ordered cities to promptly curb housing purchases. China currently accounts for approximately 40% of the world's copper demand.
Mr David Meger Vision Financial Markets' director of metal trading said that "Any sign that China may be limiting its real estate market is certainly concerning from a demand perspective. The builder-confidence report is one slighter negative for the market."
According to Copper Development Association 40% of copper demand is derived from the construction industry, as copper electrical wires and pipes are essential to both residential and commercial construction. A National Association of Home Builders and Wells Fargo report showed that builder sentiment unexpectedly declined to 46 in February. The median forecast of economist called for an increase to 48.
Five Star Equities releases regular market updates on the Copper Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Concerns regarding China's housing demand have also grew after the Chinese government ordered cities to promptly curb housing purchases. China currently accounts for approximately 40% of the world's copper demand.
Mr David Meger Vision Financial Markets' director of metal trading said that "Any sign that China may be limiting its real estate market is certainly concerning from a demand perspective. The builder-confidence report is one slighter negative for the market."
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