REVIEW OF 2011: Copper prices end 2011 on weaker note
Dec 27, 2011 | 08:00 PM
Copper prices declined over the course of 2011 as weak economic sentiment overshadowed the supply-led optimism that was rife at the start of the year.
It started off well with prices over $9,700 per tonne on the London Metal Exchange and average price forecasts for the year ahead ranging from $9,000 to $11,500 per tonne.
The expectation of a supply deficit in 2011 looked set to lift prices higher.
Indeed, all seemed on course as prices hit a record $10,123/24 per tonne on February 14.
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