Analysts following the metals market are keeping a close eye on the current price gyrations of copper. Here’s what a very interesting Copper Investment News report by Teresa Matich had to say about the red metal:
“Copper prices have started to bounce back from their drastic fall at the start of the year, climbing more than 6 percent over the past month. However, Morgan Stanley has cut its 2015 price forecast for the metal by roughly 16 percent to $5,945 per tonne on the back of lackluster demand from China.”
The report also had some good insight into copper pricing from the Financial Times and Bloomberg.