首页|Abare Lifts '02 copper price on US Econ, production cuts
Abare Lifts '02 copper price on US Econ, production cuts
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NSTL
The Australian Bureau of Agricultural and Resource Economics lifted its forecast of the 2002 world copper price in its latest forecast issued Monday, due to improved economic growth in the U.S. and production cutbacks. The government forecaster projects the London Metal Exchange's spot copper price to average 1,620 US dollars a metric ton, about 2.7 percent higher than the 1,577 US dollars/ton in 2001. The latest forecast is also higher than the 1,570 US dollars/ton forecast Abare issued in March.