Monday, 18 April 2011

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Copper poised to rise to $11,000/t on shortage

  • Monday, 18 April 2011
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  • APRIL 18, 2011: If there is one base metal that in recent days has exhibited resilience, it is copper. Even as the short-term sentiment towards the metal has turned negative due to soft Chinese buying and rising LME stocks, it has pulled down the price, as usually happens. The market is holding up reasonably well. The latest copper market forecast for 2011-2012 from International Copper Study



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