Copper prices set for long-term rise: Jefferies
Oct 02, 2012 | 02:52 PM
| Claire Hack
Tags
copper,
Jefferies Bache,
analysts,
Freeport McMoRan Copper & Gold,
share prices,
LME,
London Metal Exchange,
NYSE
New York Stock Exchange
LONDON — Analysts at Jefferies Bache predict an extended period of rising copper prices, they wrote in a note Tuesday.
After updating their supply and demand model, the analysts continue to predict a small surplus in copper up to 2015. But they say that "very significant" copper deficits will emerge in the following years.
This has led some to conclude that the copper price on the London Metal Exchange is likely to correct in the near and medium term. But analysts at the London-based firm don’t back that view. ....
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