GREY:MLKKF - Post by User
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24~Karaton Apr 21, 2007 8:52pm
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Post# 12652982
RE: Commodity Bull Market
RE: Commodity Bull MarketCopper seen Topping Record
https://www.dailytimes.com.pk/default.asp?page=2007%5C04%5C22%5Cstory_22-4-2007_pg5_15
NEW ORLEANS: Secondary metal market participants expect the price of copper will easily reach its all-time high set last May, perhaps surpassing it, as countries around the world, particularly China, expand and rebuild.
“Even though people think $3.60 is high, it’s not. I think the market will test the previous high and possibly even go higher,” Herbert Black, president of American Iron & Metal Co Inc told this week’s annual Institute of Scrap Recycling Industries convention.
Nearly a year ago, COMEX benchmark copper ran up to $4.16 a pound, its highest level on record. The most-active July contract finished Friday around $3.62 per pound. afp