Copper prices could reach 7,500 USD per tonne (Analysts)
This week, copper traded up to USD 6,800 per tonne in the international market. Several analysts are betting that the red metal could easily peak at $ 7,500 or even more if supply continues to tighten. Several traders and analysts say shrinking spot reserves could trigger another price spike, building on a rally that took copper this week to two-year highs above $ 6,800 per tonne, miningnewspro reports .com. According to Red Kite Capital Management fund manager George Daniel, the market is starting to look like it was in the early…
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