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 26031.80 0.70%
S&P 500 2792.67 0.64%
NASDAQ 7527.55 0.90%
TSX 16013.01 0.08%
TSX-V 623.27 0.00%

Resource Commodities

Name Last Change
Gold 1327.60 0.31%
Silver 15.92 0.69%
Copper 2.96 0.060
Platinum 843.03 0.000
Oil 57.26 0.52%
Natural Gas 2.72 0.74%
Uranium 28.70 0.00%
Zinc 1.22 0.00%

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