On the demand side, growth in global industrial production and manufacturing appears to have peaked in the first half of this year, the report said, suggesting resources prices may generally have set their highs for the cycle.
However, prices across the sector are likely to follow their own fundamentals, with supply-constrained copper prices still likely to advance. Australia is the world’s third-largest exporter of copper ores and concentrates.
Global copper prices are expected to climb to an average of $US7910 a tonne by 2020, up 22 per cent from an average of $US6462 this year, as slower growth in mine supply falls short of rising demand from energy infrastructure.
New zinc mines are expected to squeeze prices to around $US2625 average by 2020, down from $US3155 this year. AAP, Reuters
It appears that the outlook for both copper and cobalt still remains high with many pundits predicting strong growth in both areas right up to 2025 and possibly beyond !! All fairs well for the direction Gindalbie has taken , lets hope they can pull it off -timing could be very very good .
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