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Copper prices may reach $5 by year end

Posted on 19 February 2013

Copper prices are on their way to $4 per pound, and in a perfect global macroeconomic environment may even hit $5 per pound by the end of the year. During the third quarter of 2012, copper prices started seeing some major action on the upside.
In early September, strong manufacturing numbers coming out of China and India helped push copper prices from $3.40 per pound to above $3.80 in a matter of weeks. However, bearish signs from Europe and the United States put a lid on prices and the rally began to sputter, pushing copper back to the $3.50 range in the early stages of the fourth quarter…………………………………….Full Article: Source

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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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