DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/691f4d/copper_market_out) has announced the addition of the "Copper: Market Outlook and the Role of Latin America" report to their offering.
Despite short-term worries over a possible Chinese slowdown in commodities demand and sovereign debt defaults in Europe that could hinder the region's recovery, longer-term copper market fundamentals look as bright as ever. In terms of supplying the world's growing copper demand, Latin America is perfectly poised as the biggest producer and home to the most investment in exploration. This report provides a market outlook for the near and midterm and analyzes Latin America's advantages in the copper mining industry.
Expert opinion on where the copper price is going in the coming years is not easy to pin down. Different analysts see things quite differently, at least in terms of the refined copper market balance, but certain market indicators seem to be telling us that the good times are far from over.
Looking at what investment funds are doing today, for example, it is apparent that a majority believes prices will rise in the short to medium term. Some people think China, and in particular its housing market, could be a bubble soon to burst, while others find the idea unlikely. And though fears do exist that a looming euro zone debt crisis could slash demand, analysts seem to agree that the overriding macroeconomic conditions in the OECD as a whole are pointing to steady growth.
Latin America, of course, is in a prime position to benefit from any rise in red metal demand or prices. The region leads all the forecasts for mine production growth, holds the biggest known reserves and has consistently been the site of the most exploration activity for years. As such, in terms of providing supply for a copper-hungry world in the next few years, all eyes are on Latin America.
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