Colosseum a.s. (Colosseum a.s.)
Commodities  |  December 07, 2010 14:47:28

The copper price has climbed to new highs for several months

ColosseumCopper price during today's trading, and headed up several climbs to new highs. The cause is speculation that it will be necessary to pump more money into economies to encourage recovery. This raises fears of devaluation of currencies. Price three-month contract during today's trading on the London Metal Exchange reached to the level of 8988.25 dollars per tonne. Fears of devaluation of currencies today support most commodities. Inventories monitored by the LME of the red metal dropped earlier this year by 30% and moving at 352,375 tons. Analysts polled by Bloomberg expect the demand in the coming year exceeds supply by 367,500 tons. Red metal support speculation about another possible wave of quantitative easing, which could undermine confidence in the dollar. and # 160;

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