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Copper seen as ‘not too hot and not too cold’ in 2014

Posted on 18 December 2013

Base-metals analysts are describing a Goldilocks scenario for copper in 2014 – not too hot and not too cold. Production is expected to increase, but leave the market in only a modest supply surplus with demand that most analysts forecast to hold up although not be spectacular. Against this backdrop, most said they look for copper to remain largely range-bound in 2014.
“I’m not super bearish. I’m not super bullish either,” said Leon Westgate, commodity strategist at Standard Bank, in an interview with Kitco News………………………………………..Full Article: Source


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