| Thomson Reuters today released an interim update to the 2014 edition of the GFMS Copper Survey: Growth spurt in supply as global consumption slows, sets scene for further price weakness. Copper is forecast to average $6,810/tonne in 2014 (3-month LME), a 7.3% decline year-on-year.
Notwithstanding the weak performance year-to-date, down 10.5% year-on-year, we expect the metal to trade lower in the final quarter with a forecast of $6,500/tonne, or an approximate 2% decline from current prices...............................................Full Article: Source
|