GO
Loading...

What’s Going On With Copper?

A growing production deficit is expected to lift the price of copper through a series of all-time highs and a peak well above $11,000 per metric ton in 2013, said metals research and consulting firm GFMS in its Quarterly Three-Year Copper Forecast report.

"The noteworthy deficits the market has seen recently will push the overall market balance for this year into negative territory," GFMS said in a news release on Monday.

In the first half of 2011, GFMS sees slower economic conditions briefly tipping the global copper market into a modest surplus. But deficit conditions are expected to reemerge in the second half of 2011 and should remain over the following two years, as supply struggles to keep up with consumption.

How should you trade copper in the wake of this note. Watch the video and find out now!




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On December 6, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour Owns (AAPL), (BX), (CSCO); Terranova Owns (OIH), (UPL), (C), (PEP), (VRTS), (AAPL), (GS), (OXY), (NKE), (CMA), (PFE); Terranova Owns (FCX), (FCX) Puts; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (NUE), (MSFT)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (ALK)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EPR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (MGRC)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DRYS)


For Dennis Gartman
Accounts Managed By Gartman Are Long Australian Dollar
Accounts Managed By Gartman Are Short Euro
Accounts Managed By Gartman Are Short Yen
Accounts Managed By Gartman Are Long Gold


For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (AAPL)
Cantor Fitzgerald & Co. Is A Market Maker In (AMD)
Cantor Fitzgerald & Co. Is A Market Maker In (AOL)
Cantor Fitzgerald & Co. Is A Market Maker In (APOL)
Cantor Fitzgerald & Co. Is A Market Maker In (BWLD)
Cantor Fitzgerald & Co. Is A Market Maker In (CMCSA)
Cantor Fitzgerald & Co. Is A Market Maker In (CMCSK)
Cantor Fitzgerald & Co. Is A Market Maker In (CVC)
Cantor Fitzgerald & Co. Is A Market Maker In (DF)
Cantor Fitzgerald & Co. Is A Market Maker In (FCX)
Cantor Fitzgerald & Co. Is A Market Maker In (FDX)
Cantor Fitzgerald & Co. Is A Market Maker In (GOOG)
Cantor Fitzgerald & Co. Is A Market Maker In (HRB)
Cantor Fitzgerald & Co. Is A Market Maker In (MCP)
Cantor Fitzgerald & Co. Is A Market Maker In (MEE)
Cantor Fitzgerald & Co. Is A Market Maker In (MSFT)
Cantor Fitzgerald & Co. Is A Market Maker In (NFLX)
Cantor Fitzgerald & Co. Is A Market Maker In (OSK)
Cantor Fitzgerald & Co. Is A Market Maker In (SD)
Cantor Fitzgerald & Co. Is A Market Maker In (SLV)
Cantor Fitzgerald & Co. Is A Market Maker In (UPS)
Cantor Fitzgerald & Co. Is A Market Maker In (X)
Cantor Fitzgerald & Co. Is A Market Maker In (YHOO)

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Own (GDXJ)
Accounts Managed By Kanundrum Capital Own (DRYS) Calls
Accounts Managed By Kanundrum Capital Own (RDC)
Accounts Managed By Kanundrum Capital Own (AAPL)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (DE)
Accounts Managed By Kanundrum Capital Own (MON)
Accounts Managed By Kanundrum Capital Own (IPI)
Accounts Managed By Kanundrum Capital Own (POT) Calls

For Doug Kass
Seabreeze Partners Management Owns (MSFT), (MSFT) Calls
Seabreeze Partners Management Owns (YHOO), (YHOO) Calls
Funds Managed By Dennis Gartman Own (BPT)
Funds Managed By Dennis Gartman Are Short (DB)

For Vitaliy Katsenelson
Investment Management Associates Owns (LLL)
Investment Management Associates Owns (MDT)

CNBC.com with wires.

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report

  • Bill Nygren, Oakmark Fund, explains why Apache, Bank of America and Google will be winners in 2015.

  • Nick Tiller, Sustainable America founder and chairman, tells CNBC's Kate Kelly oil prices are poised for a tradable rally. Tiller likes the Brent ETF and energy sector.

  • Discussing interesting trends contributing to the market's rally into year's end, with the FMHR trader Josh Brown and Dan Greenhaus, BTIG.