SOURCE: The Bedford Report

The Bedford Report

January 20, 2011 11:25 ET

Copper Miners Branch Out for Profits

The Bedford Report Provides Analyst Research on Taseko Mines & KAT Exploration

NEW YORK, NY--(Marketwire - January 20, 2011) - After spiking more than 30 percent in 2010, the price of copper has shown little sign of slowing down to kick off the new year. For a brief moment yesterday London copper prices rose to a record high, lifted by a fall in the dollar and positive US earnings expectations. According to the International Copper Study Group, simple supply and demand is the primary reason for the surge in copper's price. The study group claims that mine production increased a mere 1 percent year on year after the most recent quarter, while usage was up more that 8 percent. Should the strong demand trends continue, analysts argue that the price of copper could continue its record run. The bulls who believe that copper prices will continue to surge may be inclined to look into copper miners. Investors in copper miners are banking on rising earnings, as copper prices rise, to provide value. The Bedford Report examines the outlook for companies in the Copper Industry and provides research reports on Taseko Mines Ltd. (NYSE Amex: TGB) and KAT Exploration Inc. (PINKSHEETS: KATX). Access to the full company reports can be found at:

Mining and metals consulting firm CRU estimates that China's copper consumption will almost double by the end of 2020, which would account for nearly 50 percent of world copper sales. With over 1.3 billion citizens, China needs loads of the red metal to meet its modernization requirements for electricity and infrastructure.

Bonnie Liu, an analyst at Macquarie Group Ltd, argued last week that China's copper demand may increase 6 percent this year after climbing 10 percent in 2010.

The Bedford Report releases regular market updates on the copper industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

While a higher copper price means higher earnings for copper miners, many companies in the industry have found other means for profits as well.

Earlier this month Canada-based Taseko Mines saw its share price skyrocket more than 15 percent after the company announced that 21 of 23 drill holes in its niobium drilling project in British Colombia intersect "excellent grade niobium mineralization." Niobium is a much sought-after mineral due do its plethora of industrial uses.

Also branching out, the much maligned KAT Exploration announced last month that it drilled rare earth elements at its 100 percent owned Rusty Ridge Property.

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