Copper Dips on U.S Fed Stimulus Plans Uncertainty, Supply Surplus

Reuters reported that copper moved down on Thursday, under pressure from uncertainty over plans for U.S. Fed stimulus and a looming surplus.

As quoted in the market report:

Analysts in a Reuters poll forecast the copper market would register a surplus of 153,000 tonnes in 2013, up from 98,500 predicted in the previous poll, and that the number would widen to 368,500 in 2014.

To view the whole Reuters report, click here.