Equities fell in China due to a slow down in demand for metals. This slow down is likely to continue as China transitions from a primarily export-based economy to one that favors small businesses and services. On a more positive note, Codelco is predicting copper prices to reach $2.75 to $2.80 per pound by the end of 2015. Finally, the strengthening US economy indicates a recovery of demand both domestically and internationally for copper. This will only help strengthen the copper marketplace for the duration of 2015.
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*Courtesy ASA PVF Commodities Report