Thursday, May 17, 2007

Copper Price May Advance Next Week as Slump Attracts Buyers, Survey Shows

(Bloomberg) -- Copper may rise next week as investors and traders consider a decline this week brought prices to a level that will attract consumers.

Eight of 15 people surveyed yesterday and May 16 forecast copper will rise next week. Six expected a drop and one was neutral. Copper for delivery in three months on the London Metal Exchange has dropped 9.7 percent so far this week, its second consecutive weekly decline.


Read more at Bloomberg Commodities News

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