Monday, 11 April 2011
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Copper Set to Slide Before Rising in 2013 on Shortfall, RBC Says
Copper prices are set to fall next year before rebounding in 2013 on shrinking inventories, according to RBC Capital Markets. Copper will average $4.25 a pound this year, $3.75 next year and $4 in 2013, Fraser Phillips, a Toronto-based analyst at RBC, said in a note to investors dated April 8. Prices may reach $4.50 a pound through 2015, according to the note. "After a substantial deficit in
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