Platinum Account Group’s Outlook on Copper Prices

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 16, 2012 -- Last year, Platinum Account Group witnessed negative performance of copper in the markets. In the first half of 2011, prices of copper traded in a small range between $4 per pound and $4.4 per pound and even worse in the mid-year where prices dropped near $1 per pound.

There is positive outlook for copper this year despite previous performance. Copper is now heavily linked to the Chinese growth story. The picture looks more bullish for copper prices this year. Economic growth in China is now one of the largest factors influencing copper prices for the country accounts about 40 percent of copper consumption worldwide. This development is expected to remain strong the whole year of 2012, despite of the European slowdown.

Platinum Account Group expects that copper will perform well in the first half of 2012, with a tight supply scenario and a strong industrial and economic outlook in China and other developing markets. Copper prices may reach highs of 2011 around $4.50 per pound and for the month of January, we are already seeing copper prices rose by single digits. In general, the future of copper for 2012 is bullish that presents some interesting opportunities for the discerning investor.

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