well...this is interesting

from the news:
....The view that the market will have to catch up once again with better than expected pricing conditions for most commodities was repeated by the broker's resources specialists who have just returned from another visit to China.

The commodities specialists returned with a view that iron ore prices are likely to climb in each of the next two years, that the market for zinc is less supportive than previously anticipated, but above all that the broker's above-market price forecast for copper can remain untouched.

On GSJB Were's assumption, spot copper will average US314c/lb this calendar year. Most price projections by other experts start with a 2. If GSJBW is correct, any catch up by the market will be "significant", if not "substantial" (or whatever superlative term one wants to throw in).