Copper price heading for reversal in '06

Nov 17, 2005 | 11:04 AM | Sean Barry

Copper prices will trail off toward the third quarter of next year as mine production increases and depleted global stocks are replenished, according to Keith Gwozdz, base metals analyst at New York-based Man Financial Inc.

Speaking at the American Copper Council's fall meeting in Atlanta, Gwozdz forecast that the high price of copper would continue until the end of this year, averaging $4,180 a tonne on the London Metal Exchange in the fourth quarter vs. $3,758 in the third quarter. The red metal would average $4,000 a tonne in the first quarter of 2006 and $4,100 in the....

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