Copper Will Lead Base-Metals Rally on Shortage, Brook Hunt’s Kettle Says

Bloomberg reports copper will lead a rally in base metals this year as increased consumption in China reduces inventories and higher prices encourage stockpiling.

The article is quoted as saying,

“Fundamentally, the market’s tight,” Julian Kettle, head of metals research, said in an interview in Singapore, predicting that cash copper may average $9,700 per ton this year compared with $7,543 in 2010. Kettle also backed nickel and lead.

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