Historic copper prices may be on horizon as inventories drop to critical levels--RBC
Little known fact that KISS originally wrote their song as DR COPPER, but changed it after considering they were dealing with the masses.............................
RBC Capital Markets forecasts an annual average copper price of $4.25 per pound this year, also predicting that global copper demand growth will slow to 5.2% in 2011, down from 8.2% in 2010.
In the latest issue of Metal Prospects, H. Fraser Phillips, RBC metals analyst, noted, "The copper market remains tighter than the other base metals. Inventories are relatively low, there is little excess mine capacity, and utilization rates remain high, supporting strong pricing."
https://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=129985&sn=Det...
Can anyone provide a copy of the RBC report?
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