Among the main daily traded base metals, tin and copper look like having the firmest market balances over the coming two years
John Robertson
PortfolioDirect
Among the main daily traded base metals, tin and copper look like having the firmest market balances over the coming two years. This is the conclusion from our latest review of supply side adjustments and prospective consumption growth rates. Across the board, inventories are set to rise over the coming two years leaving little upward pressure on prices. As a forecasting tool, market balance analysis suffers an important drawback: industry participants react to the forecasts. If copper inventories look tight, for example, the industry will pump out more. The most important aspect of the analysis is the sensitivity testing it allows. Being able to assess what must happen to get different outcomes and the likelihood of different scenarios permits a better understanding of investment risks.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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