Copper Forecast to Reach Record Highs Second Half in GFMS Survey

Bloomberg reports that according to GFMS, Copper probably will reach record high prices in the second half of the year.

The market news is quoted as saying:

The copper market went into deficit in the second half of last year as global refined consumption exceeded supply by 286,000 metric tons, the London-based consulting firm said in the survey released today in Santiago. Demand will remain strong, driven by developing countries including China and a continued recovery of mature economies, it wrote.

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