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Copper loses its lead among metals

Posted on 10 October 2013

Copper has been the most popular base metal in a survey taken at LME Week‒an annual gathering hosted by the London Metal Exchange‒since 2008, but it lost out to lead and tin this year, as industry participants see supply of the metal rising sharply.
Only 17% of 325 LME survey respondents said copper was their favorite this year compared with 55% last year, Macquarie Group, which conducted the survey on Oct. 7, said in a statement. A surplus of copper concentrate will likely subdue copper’s prospects relative to lead and tin, which were tied as favorites, each selected by 28% of respondents, said Colin Hamilton, head of research at the Australian bank……………………………………….Full Article: Source


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