Copper May Rally up by 8 Percent in the Coming Months

Bloomberg reported that, according to analysts, copper may rally to $8,765 a metric ton over the next three months.

As quoted in the market report:

A move above $8,162 would probably lead to an advance to the high from the third quarter of last year at $8,422 over the coming month and then potentially to the high of 2012 at $8,765 on a three-month horizon, he said.

To view the whole Bloomberg report, click here.