China’s Faltering Growth Splits Copper Bulls From Bears
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Where are copper prices going? It depends on who you ask.
Out of 17 analysts, traders and hedge funds surveyed by Bloomberg at the World Copper Conference in Santiago this week, nine expect copper to revisit or fall below its five-year low and eight say the worst is over. Goldman Sachs Group Inc. and Societe Generale SA estimate prices will extend an 9.6 percent drop in the past year, while Macquarie Group Ltd. and Citigroup Inc. predict a rebound.