SHANGHAI, Nov. 16 (SMM) - Zijin Mining Group sees copper prices bottom out in the following 2 years due to oversupply and stronger US dollar, wenhua.com reported.
Copper prices will reach floor price in 2 years after slight rebound, Zijin Mining Group’s executive director and vice president said at a copper industry meeting in Shanghai.
Investors should be wary of copper prices due to rising US dollar. Besides, oversupply will remain in the next two years.
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