Change time

Imports of copper in the US grows a fourth consecutive month

Supplies of copper in the US from overseas in July of this year amounted to 66.008 ths. Tons against 61.590 thousand. Tons a month earlier, said International Trade Commission. However, they have not yet reached a record high in March 2009, when imports amounted to 79.975 thousand. M. However, in such a dynamic, according to industry analysts, there is some cause for optimism, since the import of the «red metal» because of turn increases the fourth consecutive month.

«I think it's a sign of recovery of the American consumer — said Bill O'Neill (Bill ONeill), a partner at Logic Advisorsin Upper Saddle River (NJ). — However, a number of problems, for example, unemployment is still with us. «

"The growth trend of US imports strengthens the prospects for the metal», — says Richard Adkerson (Richard Adkerson), CEO of Freeport McMoRan Copper & Gold.

See all news