Copper to Rise by 7.6 Percent in 2013: Morgan Stanley

Bloomberg reported that Morgan Stanley believes that copper will rise by  7.6 percent in 2013, lifted by a rise in demand from China, U.S. and Europe.

As quoted in the market report:

The bank projected copper prices to rise to $8,554 a metric ton, or $3.88 a pound, in 2013 from $7,952 a ton in 2012, analysts Peter Richardson and Joel Crane wrote in a report today. They forecast the price to decline to $8,157 a ton in 2014 and $7,496 in 2015.

To view the whole Bloomberg report, click here.