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Citi backs Cu, Pd price surge

Copper is poised for a sharp price increase over the next three-to-six months, according to analysts at the investment bank, Citi, with a combination of major and minor drivers pushing it back to US$3 per pound for the first time since the middle of last year.

Citi backs Cu, Pd price surge Citi backs Cu, Pd price surge Citi backs Cu, Pd price surge Citi backs Cu, Pd price surge Citi backs Cu, Pd price surge

The palladium price is set to continue on its upward surge until the metal can be replaced

Palladium could do even better, potentially enjoying a 20% increase on its already inflated price with US$1,600 per ounce Citi's latest forecast for the metal, which is winning a petrol versus diesel