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Examples
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"Copper-supply disruptions will amount to at least 8 percent of total production loss this year, compared to 4 percent to 5 percent we had expected earlier in the year," Goldman analysts Sal Tharani and Sandeep SM said in a report dated Aug. 31.
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The aluminum forecast was lowered to $1.18 from $1.28 a pound for next year and to $1.22 from $1.30 for 2013, Goldman analyst Sal Tharani in
unknown title 2011
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And we'll take our last question from Sal Tharani with Goldman Sachs.
unknown title 2011
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"Copper-supply disruptions will amount to at least 8 percent of total production loss this year, compared to 4 percent to 5 percent we had expected earlier in the year," Goldman analysts Sal Tharani and Sandeep SM said in a report dated Aug. 31.
unknown title 2011
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Aluminum has the highest "beta" to global economic growth and "thus could be most impacted by macro weakness," Tharani wrote.
unknown title 2011
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Our next question comes from Sal Tharani of Goldman Sachs.
unknown title 2011
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Analyst Sal Tharani at Goldman Sachs 'New York offices writes to clients that "over the last few months, global demand has exceeded supply, creating a shortage of steel."
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There have been what Tharani calls "new pockets of demand" expanding in the Middle East, BRIC countries of Brazil, Russia, India and China and other emerging economies which are pressuring the 1.5 billion metric tons of global supply.
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Tharani says most steelmaking firms worldwide will be reluctant to put large greenfield projects using electric-arc furnace (EAF) technology, due to limited availability of scrap.
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Tharani forecasts that the bulk (about 85%) of new steel production capacity, or 480 million metric tons, will come from the traditional blast furnace process
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