BASE METALS

"Copper is US$2.85 and is now readying for a push to over US$3/lb"

Copper bulls are growing in number and Australia's Barry Dawes has certainly been leading the charge. While he's not prepared to look as far ahead as others at the moment, the Martin Place Securities boss believes a period of "consolidation" for the red metal is over and there is only way for copper to go in the coming months.

"Copper is US$2.85 and is now readying for a push to over US$3/lb"

Dawes said this week the general rally for LME metals, including zinc and nickel, was being led by sector bellwether, copper, which has surged past US$6,000/t (US$2.80/lb). This was “unsurprising given...

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