Monday, 4 April 2011

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Copper Seen Rising 17% on Biggest Mine Shortages Since 2004

  • Monday, 4 April 2011
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  • April 4 (Bloomberg) -- Copper's worst start in a decade may extend into this quarter as stockpiles expand, Chinese imports plunge and Japan reels from its nuclear disaster, before rebounding to a record when shortages take hold. The metal may drop as low as $8,500 a metric ton, or 10 percent from $9,440 at 11:15 a.m. in London, before rebounding to $11,000 by Dec. 31, 17 percent more than now,



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