By Frank Holmes (Guest Post)
A flurry of weak economic news lately is weighing heavily on copper’s price. Recently, the red metal dipped to its lowest since July 25 after a release of weak global manufacturing numbers and concern over global growth. But demand is only part of the equation for the metal widely used in manufacturing and construction. Macquarie Research says current copper supply shortages are a main reason we could see higher copper prices in the near future. Like gold, oil and other commodities, copper mine supply growth has made little headway recently. Since 2004, only around…
***This is a preview. Please click on the post title or go to http://www.econmatters.com for full content. ****
