Similarly with copper metal shrugging off a large decline in foreign currency earning cycles - the price of copper has slipped greatly. This pause after prices and resulting foreign currency earnings had slipped reflect concerns about the strength of Chinese and asian demands following more than robust copper imports in the second quarter of 2007.
A Copper metal and forex earnings study group has forecast a surplus on the market this year - resulting in decreased spot prices - and resulting lower foreign currency earnings for producing countries. Although expected to ease later in the year as supplies grow and expand, comparatively low stocks against a backdrop of healthy global demand should keep prices and foreign exchange earnings intact , steady and robust.
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