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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Why doctor copper is on course to hit $6,000/t

Posted on 29 April 2014

Copper prices have been beset by constant pressure since striking all-time highs of $10,100 per tonne back in February 2011. Fresh concerns over Chinese demand pushed prices to their cheapest for almost four years last month around $6,420, and with a backdrop of surging supply and demand doubts striking investor appetite for the bellwether metal, the stage appears set for copper to endure fresh waves of heavy price weakness.
Metals consultancy Thomson Reuters GFMS says in its Copper Survey 2014 that it expects the red metal to average $6,790 per tonne in 2014, down from an average of $7,346 last year………………………………………..Full Article: Source


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VRS - who has written 37533 posts on Opalesque Commodities Briefing.


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