Copper to Surge to Record by Year’s End on Chinese Demand

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.

Click here to access the entire news