BASE METALS

Hot copper: sizzling development assets

Thomson Reuters published its GFMS Copper Survey 2016 this week. The survey warned of a fifth straight year of market surplus and an imminent return to weaker prices following the March quarter rally.

Hot copper: sizzling development assets

“In the remainder of 2016, we see potential for fresh weakness to take out earlier multi-year lows and expect prices to average US$4,850 per tonne,” the research stated. “While the worst of the downturn...

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