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Copper price expected to fall, possibly test $6 000/t as supply surges – GFMS

Posted on 09 April 2014

The global copper market is expected to post a moderate surplus this year, resulting in copper prices expected to remain under pressure, the fifth instalment of Thomson Reuters’ ‘GFMS Copper Survey 2014’ had found.
The average yearly price was expected to fall below $7 000/t in 2014 for the first time since 2009, with a test of the $6 000/t level deemed likely over the second half, the report had found………………………………………..Full Article: Source


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