John Tumazos Quotes (4 Quotes)

We are lowering our rating on the copper industry to neutral from favorable as demand in the United States and some parts of Asia are weaker than expected.

Our revision does not guarantee that the copper market moves to surplus, but it does suggest the market is coming closer into balance.

Their staffing levels are excessive, in my opinion. This isn't the first time they've laid people off, and I don't think it's the last. They are much, much leaner than they were 20 years ago.

If neither has a great outlook its hard to say who got a better deal and who got the worse one.