Copper poised to soar

AS the Chinese economy becomes consumption driven, demand for “mid-cycle” commodities – such as copper, lead and zinc – are set to increase, a report from PricewaterhouseCoopers has revealed. The company said mid-tier producers exposed to those commodities would benefit as China moved along its development path. Copper prices took a small knock overnight, falling to $US7642.25 per tonne.

loader