[MEDIA] Copper could spike to US$13,000 a tonne in coming...

Copper could spike to US$13,000 a tonne in coming months, partially over low inventories, analysts at Bank of America said in a note.



The Bank of America strategists said copper faces “even more violent price swings” should scrap metal usage by refiners and smelters fail to increase as predicted and inventories deplete in the next three years. Under that scenario, the “red metal” could soar above US$20,000 tonne, or U$9.07 a pound, according to its note.

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