Copper prices may boost on the possible supply shortage

Note: This section contains information in English only.
Source: Commodityonline
© Scanpix/FP

Ongoing strikes in the mines producing copper coupled with rising concerns over political clashes in Congo, the second largest copper producer, add to the probability of copper deficit in the next year. Currently copper prices are weak due to pessimistic economic outlook; however, decreasing supply of the raw metal may lead to a highly bullish sentiment on the market. At the moment copper is trading below $8000/tonne.

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