Industry Experts Gather in China Copper & Aluminum Summit

SHANGHAI, Feb. 13 (SMM) – Macroeconomic conditions are essential in the review and forecast of metal prices, and all-around review and forecast of metal prices in 2012 are the theme of 2012 China Copper & Aluminum Summit. On March 21-23, the 2012 China Copper & Aluminum Summit, jointly organized by SMM and Shanghai Nonferrous Metals Industry Association, will bring together industry elite at home and abroad to jointly research the development trend of copper and aluminum industries in 2012.

Shanghai is the most active area for domestic non-ferrous metal trading, and Shanghai copper and aluminum spot prices are the most influential prices in China, which will become an underestimated force in the world’s copper and aluminum market along with the construction of Shanghai international financial center during the 12th Five-Year Plan period.

As copper and aluminum are closely related to industrial manufacturing, so the research of copper and aluminum prices should start with the macroeconomic environment. Ba Shusong, Special Guest of 2012 China Copper & Aluminum Summit and Deputy Director of Financial Research Institute, Development Research Centre of the State Council, will make deep analysis of monetary policies needed by the real economy in advance of the CPC's 18th National Congress. Su Aik Lim, Director in well-known international rating agency Fitch's Asia-Pacific corporate team, will emphasize on the interpretation of the effect of the global debt crisis on commodities. At present, loose monetary policy is a choice of many economies.

As is known to all, the relationship between ample liquidity and metal prices has always been a research topic. Kong Qingying from China International Capital Corporation Limited (CICC) and Paul Schulte from China Construction Bank International Securities (CCB International Securities) are both highly knowledgeable about this. Discussions on medium-to-long-term metal prices by them and other investment banks will enable participants to have a closer eye on the macroeconomic environment and metals markets.

The 2012 China Copper & Aluminum Summit will also attach importance to the copper concentrate TC/RC which is also the top concern of companies. The China Smelters Purchase Team (CSPT) has been actively participating in the TC/RC negotiations over the past years, and the introduction and prediction of TC/RC trends by CSPT’s members will bring some references and suggestions to companies.