RoBTV: David Hart, senior research analyst, Fat Prophets
Copper Higher?
not in next month or several months but in terms of years, medium to long-term outlook..higher for several years to come..any weakness we see in markets we see as buying opportunities..strong correction but also an opportunity to get set..weakness in market due to US housing market..US second-largest user of copper..do not forget largest user of copper is China..China and emerging markets including India will offer very strong level of support in years ahead
Price of Copper?
not as aggressively as in 2006 but not surprised to go higher than prices in 2006..
Zinc and Nickel?
two of our favorites..severe underexploration and development when prices low..real supply issue there with demand remaining strong..we believe both of those metals set for new highs in 2007
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