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Analysts are slashing predictions of a copper glut as producers from Chile to Indonesia contend...

Analysts 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.
Comments (2)
  • Time to load up on FCX!
    18 Jul 2012, 10:17 PM Reply Like
  • Thanks for the clarification.

     

    That is my desire.
    19 Jul 2012, 11:26 AM Reply Like
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