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Copper price heads for biggest weekly gain in two months – MINING.COM – MINING.com
Goldman Sachs this week raised its 12-month target for copper to $11,000 a tonne, while Citi recommended clients take on bullish copper exposure over the next few…
Copper for delivery in May was down 1.2% in afternoon trade, with futures at $4.1675 per pound ($9,165 a tonne) on the Comex market in New York.
Click here for an interactive chart of copper prices
The Chinese data are only really good at first glance … momentum has cooled to some extent, Commerzbank analyst Daniel Briesemann told Reuters.
Optimism on stock markets was supporting metals and strong demand during the second quarter Chinas traditional construction season could lift copper further in…
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