This year, like last, copper's compass points due north

摘要

Although a year-over-year doubling of prices may not be in store again for the red metal, the global copper market is still poised for a powerful pricing rally in 2010 at the hands of strengthened fundamentals. According to base metal analysts, an anticipated tightness in the global supply situation is one key driver expected to lift prices further in the New Year. "Copper remains our most-favored metal owing to a tighter supply picture," analysts at Goldman Sachs said.