| Copper prices may have hit a floor this year, but as fundamentals finally shift in the metal's favor and despite a strong start to 2016, investors should treat any upside with caution, market sources told Platts this week.
A return of investor sentiment this month for risk-on assets such as base metals has seen copper on the London Metal Exchange recover almost 15% since hitting seven-year lows in mid-January, trading above $5,000/mt this week for the first time since November. But most market participants, who have come together this week for a number of international copper conferences in Lisbon, are reluctant to get too carried away...............................................Full Article: Source
|