Copper Rises, Ends Longest Slump in 14 Years, on China Outlook – Bloomberg 10-30-12

Salient to Investors:

Copper futures ended the longest slump in 14 years, on prospects for increased Chinese demand.

Wang Zhongkui at Beijing Antaike Information Development said total Chinese demand may gain an average 6 percent a year from 2011 to 2015.

Tobias Merath at Credit Suisse said there is a supply deficit, and Chinese copper imports have recently risen again.

Matt Zeman at Kingsview Financial said he wouldn’t be surprised to see copper hold at these levels and consolidate a bit.

Read the full article at http://www.bloomberg.com/news/2012-10-30/copper-rises-ends-longest-slump-in-14-years-on-china-outlook.html