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Scotiabank forecasts US$4/lb. copper price for 2011, 2012

Posted on 04 October 2011

Current copper prices are still quite profitable for copper miners, yielding a 54% profit margin over average world breakeven costs including royalties, depreciation and interest expense, says Scotiabank economist Patricia Mohr.
Recent on-the-ground surveys point to soft orders for China’s copper fabricators in the fourth quarter, though global supply & demand are expected to remain balanced with a slight deficit of 30,000 tonnes, Mohr observed in the recent Scotiabank Commodity Price Index……………………………………….Full Article: Source


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