Show THE DEMAND FOR COPPER in the issue of the mining review of dec the statement was made that the demand for copper was not based on aspea a speculative market but upon an actual and growing consumption the article cinques in question was largely copied throughout the east and west and high authority on coppers has more than corroborated the prediction made that the supply for some time to come will not equal the demand in commenting on the copper situation P A ofarrell who is well versed on the copper market says the worlds production of copper for 1906 approximated very closely pounds of which north america produced all but pounds the worlds consumption of copper was greater in 1906 than the production thereby causing a famine at the close of the year the 1907 output should increase about 5 per cent over that of the year just closed while all industrial developments promise an increase in consumption of at least 10 per cent in other words we shall have an increase of pounds in production and a consumptive demand pounds greater than in 1906 in the face of such startling conditions copper the metal must sell higher than at present it is unfortunate that it should be so but until the new copper mines of nevada utah and british columbia come into the field as producers a famine will continue butte coalition ought to double its output in 1907 and davis daly should be equipped and become a great producer before the close of the current year so also ought the balaklava Balak lala Hein heinzel He inzes ohio mine in utah should multiply its production fivefold in 1907 but I 1 can see no possibility of the present copper mines supplying the demands of the consumers of the world for the next three years many european furnaces have already closed down through their inability to se cure copper it must however be remembered that the cost of tin zinc and lead has also doubled and trebled in recent years and it is idle to attempt to place a limit on the prices to which these metals and copper will eventually go |