The worst housing slump since 1980 will reduce sales
of copper pipes and wires in the U.S., while shipments to China will slow as officials
raise interest rates and finish construction for the summer Olympics.
"The worst housing slump since 1980 will reduce sales of pipes and wires in
the U.S., while shipments to China will slow as officials raise interest rates
and finish construction for the summer Olympics, said David Threlkeld, president
of Resolved Inc. in Scottsdale, Arizona. At the same time, Chile and the
Democratic Republic of Congo will increase supply, the International Copper
Study Group forecasts."