A Copper Buying Spree Is Set To Commence ...Middle East

OILPRICE - Economy
A Copper Buying Spree Is Set To Commence
source : OILPRICE ( Middle East ) () 43
After the slump in global copper prices, a buying spree is brewing, a Citi commodity analyst has forecast. Copper prices slid to the lowest in six months earlier in June in response to news about Germany slipping into a recession and China’s manufacturing activity shrinking instead of expanding in May. The pessimistic mood on the copper market has only been deepening in recent weeks under the weight of bearish economic data from these key markets and the U.S. Yet, according to Max Layton, Citi’s managing director of commodities research,…

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