Home / Metal News / Fitch Ratings Doesn't See Copper Heading the Saw Way as Oil and Iron

Fitch Ratings Doesn't See Copper Heading the Saw Way as Oil and Iron

iconJan 20, 2015 11:19
Fitch Ratings has released a posting showing support for copper, saying it believes the commodity will avoid the same fate as iron ore and oil.

Friday January 16, 2015, 1:52pm PST

Fitch Ratings has released a posting showing support for copper, saying it believes the commodity will avoid the same fate as iron ore and oil. Both of those commodities have been buffeted in recent months.

According to Bloomberg:

"While Chinese growth is moderating, monthly copper imports are not showing any "material slowdown," Fitch said in a posting. Delays developing new copper mines also mean that the market surplus is likely to be less than previously expected.

In a posting, Fitch reported:

"Copper is unlikely to see the same extended decline as oil and iron ore. Previous market forecasts of a physical market surplus of several hundred thousand tons in 2015 now look excessive.

Click here for the full article.
 

China
Fitch Ratings
Iron Ore
oil
world bank
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All