Copper May Drop Below $7,000 a Ton in Next 3 Months

Base Metals Investing

Bloomberg reported according to Societe Generale, copper for delivery in three months may fall below $7,000 a metric ton in the next three months.

As quoted in the market news:

The metal for immediate delivery may average $7,950 this year and $8,300 in 2013, the bank said. Copper for immediate delivery closed at $7,777.75 yesterday on the London Metal Exchange.

Click here to read the full Bloomberg report.

london societe generale Copper Investing

Markets
TSX	21740.20	-159.79
TSXV	576.67	-11.04
DOW	37735.11	-248.13
S&P 500	5061.82	-61.59
NASD	15885.02	-290.08
ASX	7788.10	-25.50

Markets

TSX

21740.20

-159.79

TSXV

576.67

-11.04

DOW

37735.11

-248.13

S&P 500

5061.82

-61.59

NASD

15885.02

-290.08

ASX

7788.10

-25.50

Commodities
Gold	2384.93	+21.23
Silver	28.94	+0.80
Copper	4.37	-0.01
Oil	85.81	+0.40
Heating Oil	2.67	+0.01
Natural Gas	1.68	-0.01

Commodities

Gold

2384.93

+21.23

Silver

28.94

+0.80

Copper

4.37

-0.01

Oil

85.81

+0.40

Heating Oil

2.67

+0.01

Natural Gas

1.68

-0.01

Copper May Drop Below $7,000 a Ton in Next 3 Months

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