Copper May Drop in London on Concerns Over Demand, Survey Shows
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Copper may decline on speculation that further efforts by the U.S. Federal Reserve to stimulate the economy could take time to produce a demand rebound, a survey showed.
Seven of 14 analysts, investors and traders surveyed by Bloomberg, or 50 percent, said the metal will fall next week. Six predicted higher prices and one expected little change. Copper for delivery in three months was 0.1 percent lower for this week at $8,090 a metric ton at 4:35 p.m. yesterday on the London Metal Exchange.