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Q2 2013 may see $9,000/t Copper: Deutsche Bank

Posted on 28 January 2013

Deutsche Bank expects that, despite high copper stocks, net copper imports into China will likely remain elevated in the first half of 2013, with some re-stocking taking place at the consumer level.
“This may result in copper prices approaching USD9,000/t in Q2 in our view.” Deutsche Bank said in a report. Meanwhile, in 2013 Deutsche Bank economists expect Chinese growth to accelerate to the end of the year, averaging 8.2% after 7.7% in 2012………………………………………..Full Article: Source


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