World market price of copper fluctuates

Almaty. June 17. Kazakhstan Today - World market price of copper fluctuates within the limits of a lateral trend. Monthly average price of cash metal at London stock exchange LME for the last days of June has decreased and at the last tenders has increased.

Broker Company MF Global keeps an optimistic attitude concerning prices for copper, at least, for the nearest two decades. International Copper Study Group expects surplus of copper in the world market by the end of the current year.

According to the forecasts of analysts of consulting company Sogra, world prices for copper can essentially decrease in the nearest 5 years as high prices in many respects are caused by speculators actions.

World economy in its development will require less copper. In the developed countries high price level of copper leads to gradual replacement of the products made of it by the goods made of other materials. The world shifts to the most up-to-date materials or wireless communication. As a result, in the long term copper industry will face long crisis.

Nevertheless, the experts consider that prices of copper in the nearest month will remain high.

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