Wednesday, November 16, 2011

Copper price prediction of $8,000/tonne for 2012


A major global copper producer is projecting the price of copper to be around $8,000 per tonne (about $3.63 per pound) in 2012. Mineweb.com said Europe's number two copper producer KGHM made the call in an interview earlier this week.

Arizona produces about 2/3 of the copper used in the U.S.

The closing price of copper today was $3.46

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