Copper forecast price increaseSupercycle prompts Citigroup to raise copper price forecasts
Citigroup analysts on two continents hiked copper price forecasts Monday, asserting that “nowhere are the drivers and determinants of the commodity supercycle more clearly on display than in copper.”
Author: Dorothy Kosich
Posted: Tuesday , 24 Jul 2007
RENO, NV -
Highlighting a "super cycle shining on copper," Citigroup Global Markets metals analysts Monday revised their copper forecasts up to $3.50/lb in 2008 and $3/lb in 2009/2010.
The long-term copper price assumption was increased by 32% to $1.45/lb.