Copper Expected To Be Range-Bound Or Higher Into Year-End

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"Analysts look for copper prices to be sideways to higher through 2011, supported by an ongoing supply deficit and an expected re-stocking phase in China."

Kitco News, Allen Sykora

Analysts look for copper prices to be sideways to higher through the remainder of 2011, supported by an ongoing supply deficit and an expected re-stocking phase in China. Nevertheless, some say the upside is likely to be constrained by worries about economic growth, which in turn could limit demand for the industrial commodity in much of the world.

Copper sold off sharply from the early August highs with equities on worries about the economy. Since, copper has bounced back and rose on the London Metal Exchange Wednesday for the seventh straight day, before the winning streak finally ended Thursday. . .View Full Article

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