| 31.07.2012 - ANZ cuts 2012 copper forecast by 9pct to $8,156/tons |
| Australia's fourth largest bank, Australia & New Zealand Bank trimmed its 2012 copper price forecast by 9% to $8,156 per tons or $3.70/lb on Monday. Analysts with the bank stated that, “tightness in the copper market is expected to ease and our projected deficit for 2012 has been trimmed from 170,000 ton to 63,000 tons as demand growth, particularly in China, slows.”..............................................Full Article: Source |