首页|Copper weakness temporary; set to recover next yr - Analysts
Copper weakness temporary; set to recover next yr - Analysts
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NSTL
A sharp fall in copper prices over the weekend, triggered by the huge losses in the U.S. equity markets, will delay the price recovery of the metal, but won't push it into a downtrend, analysts said. The copper market is still set to recover next year, even though some analysts have lowered their price forecasts next year. The world economy is still on course to recovery and a tightness in the supply of copper concentrates will push the metal's fundamentals into a supply deficit next year, they said. "We are still seeing a relatively strong recovery in the copper market during 2003.
NSTL
