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Copper prices could trade lower next year in an uncertain economic outlook, but the consensus...

  • Wednesday, October 17, 2012, 2:53 PM ET
    Copper prices could trade lower next year in an uncertain economic outlook, but the consensus among metals traders and mining execs is that the move is more likely to be a grind than a collapse as supplies remain tight. Even though production is rising, inventories remain low and the mining industry is expected to again fall short of its promised production.
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This news story has 4 comments:

  •  
    Copper futures (and miners) have built up momentum ahead of the China GDP number. I suspect a selloff on the number, which I suspect will be mildly positive or flat. To see copper scream higher would mean blowout numbers or significant stimulus or both, above any expectations.
    17 Oct 2012, 02:59 PM Reply Like
  •  
    I just heard a talking head say 8-10% growth for China.....
    17 Oct 2012, 03:13 PM Reply Like
  •  
    And I've heard 2-3%. The punditry range is quite wide. Most likely will come in around 6-8%
    17 Oct 2012, 03:49 PM Reply Like
  •  
    7.2% was the number
    18 Oct 2012, 09:01 AM Reply Like
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