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  • 23-Nov-12 – Copper struggles as China builds stock - Updated Thu November 22, 2012

    Top 3 data/events • South Korea – Authorities signal their response to KRW gains • Singapore – Industrial production may rebound • Thailand – Base effects to boost export growth • Market focus • We recommend selling into rallies in copper, as ...

  • Copper – Cu at the warehouses - Updated Thu April 26, 2012

    • Copper stocks in China have reached about 1mn tonnes – the highest level ever • Stocks are building along the supply chain, with demand improving only marginally • Avoid being too bearish – we expect a stronger H2 despite near-term headwinds fro...



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Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.