| Glencore chief executive Ivan Glasenberg rejected predictions that copper would fall below $US4000 a tonne, dubbing it a “doomsday” price. Rio Tinto chief executive Sam Walsh last year said the idea that iron-ore prices would fall to $US30 a tonne was from “fantasy land.”
Since Mr Glasenberg’s comments in September, copper prices have tumbled nearly 20 per cent, falling close to $US4300 a tonne. It has risen in recent days, but was down 1.3 per cent at $US4530 in London on Thursday and an increasing number of analysts are now saying prices will go below $US4000 soon...............................................Full Article: Source
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