Supply-demand fundamentals swing in copper’s favor, and everyone seems to agree, said Vince Sorace, CEO of Kutcho Copper.

“There isn’t a corporate or an analyst or a strategic that I’ve talked to in the last year that isn’t on the same page with respect to, they see, a continuation with respect to demand, and that could be driven from a number of different places,” Sorace told Kitco News on the sidelines of the Vancouver Resource Investment Conference.

“More importantly, they’re seeing a waning supply,” he added.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 26135.80 0.96%
S&P 500 2923.65 1.20%
NASDAQ 8002.81 1.33%
TSX 16304.05 0.95%
TSX-V 569.85 0.00%

Resource Commodities

Name Last Change
Gold 1496.40 0.05%
Silver 16.90 0.24%
Copper 2.60 2.602
Platinum 901.00 0.67%
Oil 56.21 2.38%
Natural Gas 2.21 0.45%
Uranium 25.08 0.00%

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