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

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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Comments (4)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    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
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I just heard a talking head say 8-10% growth for China.....
    17 Oct 2012, 03:13 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    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
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    7.2% was the number
    18 Oct 2012, 09:01 AM Reply Like
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