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Home / Metal News / Barclays: Copper Prices May Rise to over 2-Year High on Decreasing Supply

Barclays: Copper Prices May Rise to over 2-Year High on Decreasing Supply

Feb 3, 2017 11:26

Source:SMM

Barclays said copper prices may be pushed to the highest from November 2014 due to falling supply, wenhua.com reported.

SHANGHAI, Feb. 3 (SMM) - Barclays said copper prices may be pushed to the highest from November 2014 due to falling supply, wenhua.com reported.

Copper supply has been falling due to strike at Chile’s Escondida mine and low production ratio at Freeport-McMoRan Copper & Gold’s Grasberg copper mine.

Copper prices have advanced over 30% over the past year.

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Barclays

copper prices

copper supply

copper mine

Freeport-McMoRan Copper & Gold

Grasberg

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