Copper industry think-tank CESCO reported that global copper prices will trade between $1.50 and $1.80 per pound in 2009, underpinned by buying from top consumer China as it seeks to bolster domestic industrial growth.

CESCO executive director Juan Carlos Guajardo, said:

We are watching to see if China manages to reorient its export economy toward the domestic market, which will be a determining factor for raw materials to decouple somewhat from the global economy.

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