| 15.05.2014 - Analysts bearish on copper price in 2014 on supply, China demand |
| Despite a recent recovery in London Metal Exchange copper prices, market analysts were still bearish this week on the metal's price for the rest of this year, based on factors such as a surge in supply and a weak Chinese construction sector. Analysts at Goldman Sachs forecast 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 |