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Most Analysts Predict Further Increases for Copper

from ASA Materials Market Digest©

After hovering at five-month lows, copper prices started climbing upward as June closed, coming within shouting distance of its 2017 high of $2.78 a pound on February 13th. Most analysts are predicting further increases for copper in the second half of the year. They cite supply disruptions due to ongoing labor disputes with miners in South America and Indonesia, typical upticks in seasonal demand during summer months, and general growth in the global economy, although China’s prospects worry some. Visit MY ASA for the latest and archived installments of ASA’s Materials Market Digest©. more

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