Prices for Nonferrous Metals on LME Likely to Drop Next Year: Reuter

摘要

According to a recent report by Reuter which surveyed the major international economic research institutes with regard to their outlook for nonferrous metal prices on the London Metal Exchange (LME), they forecast the LME prices will decrease in 2008 compared with this year. The average annualprice for copper was forecast to stay at 6,959 US dollars per ton this year and 6,270 US dollars per ton next year in a range between 4,850 US dollars and 8,000 US dollars, according to the report by Reuter.