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Thomson Reuters GFMS: Copper to remain under pressure; supply surplus expected

Posted on 10 April 2014

Copper prices are likely to remain under pressure in 2014 as the market posts a moderate supply/demand surplus, said Thomson Reuters GFMS Tuesday.
The consultancy released its GFMS Copper Survey 2014, the fifth edition of the report on the copper market, during CESCO Week copper convention in Santiago, Chile. Analysts said they look for the annual average price to be below $7,000 per metric ton in 2014 for the first time since 2009, with a rest of $6,000 likely over the second half of the year………………………………………..Full Article: Source


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