Copper steady at highs, but more spikes unlikely: GFMS

Mar 07, 2011 | 12:19 PM | Thorsten Schier

Tags  PDAC, copper, GFMS, Mark Fellows, china, aluminum

TORONTO — Copper prices will remain at high levels but might not see significant upside, Mark Fellows, managing director of GFMS Metals Consulting, told participants Sunday at the Prospectors and Developers Association of Canada (PDAC) international convention in Toronto.

"We’re pretty positive, but the upside from here is somewhat constrained," Fellows said.

GFMS predicts prices will average around $10,000 per tonne, with the low pegged at $8,000 and the high at $12,000 per tonne.....

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