Housing to drive copper demand in ’14: report

May 27, 2014 | 04:03 PM | Saranya Kapur

Tags  copper, base metals, demand trends, forecast, AllianceBernstein LP, analyst report, residential construction, infrastructure nonresidential construction

NEW YORK — A boom in U.S. housing starts could drive demand for base metals, particularly copper, over the coming year, while public infrastructure and nonresidential construction may lag, according to AllianceBernstein LP.

Positive sentiment is returning to the residential sector after housing starts moved back above 1 million units in April, according to a note by analysts at New York-based AllianceBernstein. An increase in housing permits of 4.6-percent year on year in April also bodes well for residential construction. ....

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