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Copper oversupply to push down prices to $6000/tone

Posted on 28 March 2012

A looming oversupply in copper markets could push down prices to $6000/tonne over the next 4 years, states a report by Intierra Resource Intelligence. Benchmark LME Copper prices are currently trading around $8500/tonne and the last time it traded below $6000/tonne was in 2009.
“With the physical market for copper remaining quite tight through 2012 and 2013, prices are forecast to remain within sight of USD 8,000 per tonne………………………………………..Full Article: Source


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