International.
Copper hit prices at $6,000 a couple of weeks ago, which has been the biggest gain since 2011. However, copper reached a cyclical tipping point in 2016.
For next year, experts expect a slowdown in supply growth, along with a rise in prices likely supported by a fragile but broad recovery in the Chinese economy.
Copper supply growth expectations for next year is 1%, stabilizing after that due to a lack of investment in new projects by miners.
Copper on the London Metal Exchange CMCU3 was trading the previous week down 0.8% at $5,388 per tonne.
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Western investment funds focused on general assets could increase their commodity positions next year to capture the expected rise in the sector.
Source: América Economía.
