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Heavy metal commodities bets

Posted on 18 November 2011

The gap between the marginal cost of supply and the price at which demand gets destroyed offers commodities investors a useful signpost in this very uncertain economic climate.

Take copper and aluminum. Copper is priced at about $7,600 per metric ton; aluminum around $2,100. Based on UniCredit estimates, that means copper trades 90% above its marginal cost of production, while aluminum is 16% below its own. Yet demand for aluminum is growing about twice as fast………………………………………Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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