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 25502.30 1.80%
S&P 500 2800.71 1.93%
NASDAQ 7642.67 2.57%
TSX 16089.33 0.96%
TSX-V 637.82 0.00%

Resource Commodities

Name Last Change
Gold 1317.35 0.42%
Silver 15.51 0.64%
Copper 2.84 0.000
Platinum 850.00 0.41%
Oil 59.04 1.59%
Natural Gas 2.75 2.47%
Uranium 25.88 0.46%
Zinc 1.30 0.00%

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