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Goldman Sachs Still Bearish on Copper

Posted on 16 May 2014

Despite a recent recovery in copper prices on the London Metal Exchange and economic reforms pledged by China, the world’s largest copper consumer, market analysts were still bearish this week on the metal’s price for the rest of the year.
Goldman Sachs cited factors such as a surge in supply and a weak Chinese construction sector. Goldman Sachs forecasted copper prices would sink to $6,200/mt by the end of the year, compared with a price at $6,845/mt as of early Wednesday trading………………………………………..Full Article: Source


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