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Copper to Surge to Record by Year’s End on Chinese Demand
Jun. 08, 2011 12:17PM PST
Base Metals Investing Bloomberg reports that according to Barclays Capital, copper prices will surge to $12,000 a metric ton by 2011 end as China’s imports rebound.
Bloomberg reports that according to Barclays Capital, copper prices will surge to $12,000 a metric ton by 2011 end as China’s imports rebound.
The market news is quoted as saying:
Copper has almost tripled since the end of 2008, reaching an all-time high of $10,190 on Feb. 15 in London as mining companies struggled to keep pace with rising consumption.
