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Analysts are slashing predictions of a copper glut as producers from Chile to Indonesia contend...
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Wednesday, July 18, 2012, 5:53 PM ETAnalysts are slashing predictions of a copper glut as producers from Chile to Indonesia contend with aging mines and strikes at a time of record demand. The global surplus will total 18.5K metric tons, according to a Bloomberg survey, 85% less than a January forecast of 124K tons; the survey also says prices will rally as much as 14% to $8,700/ton by year's end.
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