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Goldman Sachs cuts copper forecast as prices continue slide

Posted on 12 June 2013

“Declining economic growth and weak demand in China, the world’s biggest metals consumer, has spurred many analysts to cut forecasts,” according to a recent Reuters story. Goldman Sachs cut its copper forecast to $7000/ton for 2013 from $8000 a ton.
Readers received a “heads up” on copper prices back in October when this publication made much attention of layoffs at Caterpillar, the world’s largest heavy equipment manufacturer with significant exposure to the mining industry………………………………………..Full Article: Source


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