all on track7 Feb 2018 15:05
copper price booming
Goldman sees copper enjoying double digit gains to top $8,000 a tonne ($3.63/lb) over the next 12 months. For copper that constitutes a 12% jump from today's price. The last time copper traded at $8,000 was at the beginning of 2013.
On a longer term basis Goldman is also bullish about copper saying in a earlier report that �the markets where technology hasn�t substantially shortened the supply cycle, and where cost are rising, (i.e. copper) have the greatest long-term upside in prices."