Interesting year expected for copperA shake out this year, down then up, in the price of copper. According to Bloomberg:
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.
The metal may drop as low as $8,500 a metric ton, or 8.9percent from today’s $9,330 close, before rebounding to $11,000by Dec. 31, 18 percent more than now, according to the median estimates in a Bloomberg survey of 24 analysts and traders. The shortages will be the biggest since 2004, when prices jumped 37percent, the survey showed.
https://www.bloomberg.com/news/2011-04-04/copper-seen-rising-18-to-record-as-shortages-overcome-weaker-china-demand.html
North4st