U.S., Asian Demand to Climb 5 Percent in 2013: Luvata

Bloomberg reported that copper component maker Luvata anticipates a rise in demand from Asia and the U.S. of at least 5 percent this year.

As quoted in the market report:

 A recovery in residential and commercial construction in the U.S. is driving demand for the company’s copper products, John Peter Leesi, chief executive officer, said in an interview March 1. Luvata expects “flat-to-small growth” in demand for its products in Europe in 2013 as the euro-area’s economy, which is battling the debt crisis, is seen failing to expand, he said.

To view the whole Bloomberg report, click here.