..due demand and supply deficits. Then also factor in a collapsing USD I guess.
http://www.bloomberg.com/news/2010-11-04/copper-to-surge-on-mammoth-demand-standard-chartered-s-haigh-forecasts.html
(didn't know where to put this - "Copper" code is not accepted in Commodities forum)
COPPER
copper futures
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copper may surge fr 7850 to 12000 in two years
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