Copper’s worst start in a decade may extend into this quarter as stockpiles expand, Chinese imports plunge and Japan reels from its nuclear disaster, before rebounding to a record when shortages take hold.

“We see renewed strength in the second half and you’ve got to be bullish copper for the next few years,” said Christin Tuxen, the analyst at Danske Bank A/S in Copenhagen ranked by Bloomberg as the most accurate industrial-metal forecaster over two years.

The global recovery is becoming more broad-based and you’re not going to see any new mines coming on stream for at least this year. Bloomberg