Copper Average Price Will Jump 22% to $9,200 This Year

- January 10th, 2011

Bloomberg reports that according to Standard Bank Plc., the average copper price will climb 22 percent this year.

Bloomberg reports that according to Standard Bank Plc., the average copper price will climb 22 percent this year.

The market news is quoted as saying:

The metal will average $9,200 a metric ton this year, Leon Westgate, a London-based analyst at Standard Bank, said in a report today. That compares with an average of about $7,557 in 2010. The price will rise to an average $10,000 in 2012, the bank said. Copper for delivery in three months fell 1 percent to $9,321 a ton today on the London Metal Exchange.

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