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Copper to Rise by 7.6 Percent in 2013: Morgan Stanley
Jan. 24, 2013 11:49AM PST
Base Metals Investing 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.
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.
