News & Articles
- 1 of 210
Copper Bulls Eye $10,000 on China Demand
Financial Times, Feb 1, 2012
The bulls are back. Industrial metals such as copper bore the brunt of last year’s financial turmoil, shaking belief in a “supercycle” of rising prices. Now, though, they are enjoying a renewed wave of investor interest.
Ric Deverell, head of commodities research at Credit Suisse, says the mood among investors has seen “a dramatic change from six weeks ago where everyone was so bearish”.
Second, and more importantly for metals, commodity traders have become more optimistic about demand in China following record copper imports in December and signs of looser monetary policy. Read more...