Base Metals

Platts reported that copper may be prime to rise in the first part of 2013, due to an uptick in demand and a dwindling supply, according to a note from Macquarie

Platts reported that copper may be prime to rise in the first part of 2013, due to an uptick in demand and a dwindling supply, according to a note from Macquarie

As quoted in the market report:

2013 could be a year where copper sees higher highs and lower lows than in 2012. We have raised our copper forecasts in 2016-17 to reflect asteepening top quartile of the cost curve — to be clear we do not think copper will be at a premium to cost support over this period,” Macquarie said. The 2016 copper price is seen at $7,525/mt and then $7,875/mt in 2017. The long-term outlook is for a copper price of $6,504/mt.

To view the whole Platts report, click here.

Featured

MARKETS

Markets
TSX21537.45+179.89
TSXV909.71+6.72
DOW35911.81-201.81
S&P 5004662.85+3.82
NASD14893.75+86.94
ASX7417.30+23.40

COMMODITIES

Commodities
Gold1822.23+3.08
Silver23.07+0.07
Copper4.44+0.02
Palladium1884.50+25.05
Platinum980.00+5.19
Oil85.17+1.35
Heating Oil2.64+0.05
Natural Gas4.28+0.02

DOWNLOAD FREE REPORTS

×