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Current copper price forecast tied to non-metal commodities

Posted on 06 March 2014

MetalMiner’s monthly copper price index dropped 1.1 percent for March, while we’re seeing an opposite trend in other commodities markets. The LME 3-month price went down 0.5 percent, from $7,061 to $7,026 per metric ton. Copper seems not capable to reach levels above $7,500 per metric ton as it remains under an overall downtrend.
Copper is an economically sensitive commodity and it serves as a benchmark for the industrial metal sector, which still looks pessimistic. What is especially interesting is that the rest of the commodity groups are finally showing strength since the beginning of the year………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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