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Copper above $7,500/t an opportunity to short: Barclays

Posted on 10 June 2013

Copper price movement above $7,500/ton is an opportunity to sell the base metal on likely slowing Chinese consumption over the summer alongside further supply increase through second half of the year, stated London base Barclays in a report.
Copper prices are expected to witness a fall in the second quarter of this year on improved supply. The bank favours selling into rally in the base metal………………………………………..Full Article: Source


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