LONDON - Copper prices may not move higher this year, but will probably hit a record $15000/t within three years, the head of trading firm Traxys said on April 22.
"I think we'll see higher copper and maybe not by the end of this year," said Traxys CEO Mark Kristoff.
"But in the next 24 to 36 months, I think we'll see $15000/t copper," he told the Financial Times Commodities Global Summit in Lausanne.
Benchmark three month copper on the London Metal Exchange was trading at around $13300/t on April 22 after touching a record peak of $14527/t on January 29.
