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Copper will lead base-metals rally on shortage, Brook Hunt’s Kettle says

Posted on 30 March 2011

Copper will lead a rally in base metals this year as increased consumption in China reduces inventories and higher prices encourage stockpiling, according to researcher Brook Hunt, a Wood Mackenzie company.

“Fundamentally, the market’s tight,” Julian Kettle, head of metals research, said in an interview in Singapore, predicting that cash copper may average $9,700 per ton this year compared with $7,543 in 2010. Kettle also backed nickel and lead……………………………………..Full Article: Source


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