Salient to Investors:
Copper futures ended the longest slump in 14 years, on prospects for increased Chinese demand.
Wang Zhongkui at Beijing Antaike Information Development said total Chinese demand may gain an average 6 percent a year from 2011 to 2015.
Tobias Merath at Credit Suisse said there is a supply deficit, and Chinese copper imports have recently risen again.
Matt Zeman at Kingsview Financial said he wouldn’t be surprised to see copper hold at these levels and consolidate a bit.
Read the full article at http://www.bloomberg.com/news/2012-10-30/copper-rises-ends-longest-slump-in-14-years-on-china-outlook.html