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Analysis: Copper prices to rise in 2018 despite current decline
Copper prices are expected to rise, overall, in 2018 despite current declines.
SHANGHAI, Jan 19 (SMM)－Copper prices are expected to rise, overall, in 2018 despite current declines.
This is in line with expectations from financial institutes such as Deutsche Bank, Société Générale and the Chilean state copper commission, Cochilco. All three have raised their price expectations in anticipation of tighter supply.
SMM believes that, as investors cash out at year-end, downstream demand is likely to rebound as prices dip.
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