NEW YORK, NY -- (Marketwire) -- 12/05/12 -- China's slowing economy, which is set to grow at the slowest pace in over a decade, has recently shown much needed signs of improvement. Copper prices last week surged to a 6-week high on rising demand from China, who accounts for approximately 40 percent of global demand. The Paragon Report examines investing opportunities in the Copper Industry and provides equity research on Sterlite Industries India Ltd. (NYSE: SLT) and Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM).
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A recent survey has shown that manufacturing in China, the world's second largest economy, expanded for the first time in 13 months. HSBC's Purchasing Managers' Index last week rose to 50.4 for November, any reading above 50 signals expansion. China's leaders have slashed interest rates twice since June and have announced $150 billion in infrastructure projects in attempts to boost its slowing economy.
Recent estimates from Barclays PLC have shown that copper demand will exceed supply by 316,000 metric tons in the first half of 2013, before reaching a surplus in the second half of the year. Global demand for copper is expected to grow by 3.4 percent to 20.85 million tons in 2013, while China's demand is expected to grow by 5.5 percent to 8.1 million tons.
Paragon Report releases regular market updates on the Copper Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Sterlite Industries is the principal subsidiary of Vedanta Resources plc, a diversified and integrated FTSE 100 metals and mining company, with principal operations located in India and Australia. It was the first Indian Metals & Mining Company to list on the New York Stock Exchange. Shares of Sterlite have gained over 30 percent year-to-date.
Thompson Creek is in the process of constructing the Mt. Milligan mine, with start-up expected in the third quarter of 2013 and commencement of commercial production of copper and gold expected in the fourth quarter of 2013. Shares of the company have fallen over 50 percent year-to-date.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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