Demand, concentrate shortage to boost copper -BOA

Newswire

LONDON, March 30 (Reuters) - Lack of copper concentrate, stronger demand and the start of consumer restocking will help boost copper prices this year, Bank of America Merrill Lynch said on Tuesday. Bank of America expects copper to average $7,275 a tonne this year from a previous forecast of $7,125 a tonne in January. It expects copper prices to average at $8,000 in 2011, unchanged from January. "Destocking through the entire manufacturing supply chain is subsiding. Concentrates remain ...

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