Copper premiums could soar 30%: Barclays
Nov 13, 2013 | 01:40 PM
| Andrea Hotter
MIAMI Physical copper premiums could rise as much as 30 percent in 2014 as Chinese financing demand increases, according to a senior analyst at Barclays Capital Plc.
China has surprised with the strength of its recent demand, driven by renewed import financing, Nicholas Snowdon said during an American Copper Council meeting this week in Miami. He added that was the reason why cancellations have soared in....
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