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Friday, Dec 16
2011, 9:37 AM
"Two mega developments will impact world copper consumption: the level of global business...
"Two mega developments will impact world copper consumption: the level of global business activity and substitution," writes Simon Hunt, a veteran watcher of the market. With neither factor boding well for the metal, he says, all that's propping prices is copper's financialization. This too will end; "copper prices will fall sharply, and that is almost a given."