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Near-Term Copper Price Direction Remains Inscrutable as Uncertainties Abound
Those fundamentals might be enough to justify a rising price. Indeed, there are analysts forecasting a shift from the surplus seen today to a significant deficit by 2018 and prices in the $4 range. But some copper analysts are beginning to question whether fundamentals are relevant at all to pricing right now. Other factors may be more influential and their impact is inscrutable.
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