Copper price set to climb in ’16: Macquarie analyst

Feb 05, 2014 | 01:59 PM | Bianca Markram

Tags  Jim Lennon, Red Door Research, Macquarie Capital Securities, copper prices, copper forecast, Bianca Markram

CAPE TOWN, South Africa — The copper market could reach $4 per pound in the latter half of this decade as supply tightens, according to Jim Lennon, managing director of Red Door Research Ltd. and senior consultant of commodities at Macquarie Capital Securities Ltd.

Calling copper the best commodity at the moment, Lennon pointed at a terminal supply deficit starting in 2016.....

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