Although copper prices per ton have been rebounding over the last couple of days, it isn't clear as to whether or not it has really found a bottom as some think, or it still has a way to go before bottoming out.
Bank of America Merrill Lynch (NYSE:BAC) is among those that believe copper isn't close to leveling off, as it projects it to drop to about $5,000 per ton over the next year; even after plunging about 9 percent so far in 2015.
In 2014 it was down 14 percent on the year.
read more ...
Monday, July 6, 2015
Why Copper Prices Could Go Either Direction
Labels:
Copper,
Copper Demand,
Copper Prices,
Copper Production
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment