| Max Layton, an analyst, in his report, affirmed that, the bank has declined its outlook for copper in the year 2015, from 6,400 dollars per metric tonne to 6,217 dollars per metric tonne. The report also asserted that the marginal production cost of the base metal, for the year 2015 will lie between, 5,600 dollars per tonne, and 6,300 dollars per tonne.
The report by the bank expressed that, the strength of the dollar, and decline in the price of the input, shows the lower cost of the metal and lower prices in the market for the metal. In case of the commodity markets, which are found to be in balance or in slight surplus, the price of the commodity, will always trade with or around the marginal operating cost....................................Full Article: Source
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