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Platinum Account Group’s Outlook on Annual Copper Prices

03-22-2012 09:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: PLATINUM ACCOUNT GROUP

Last year, Platinum Account Group witnessed the negative performance of copper in the market. 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 August where the price has dropped almost $1 per pound.

However, there is positive outlook for copper this year. Copper is now completely linked to the Chinese growth story. Platinum Account Group’s 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 copper to perform well in the first half of 2012, with its tight supply scenario and a strong industrial and economic outlook in China and other developing markets. Copper prices may reach the highs of 2011 which is $4.50 per pound and for the month of January, we are already seeing copper prices rose by single digits. In general, copper future for 2012 is bullish that presents some interesting opportunities for the discerning investor.

Platinum Account Group is a privately-owned company that offers you the highest quality of advice and financial service in the industry. We assist knowledgeable and discerning investors who seek the highest return on their investment. We are a wholly independent company and our contribution and service for our client’s wealth management and financial planning purposes is not restricted to particular funds or investment products we may want to implement.

PLATINUM ACCOUNT GROUP
2 Floor Street West, Toronto, ON ,Canada, M4W 3E2
contact@platinumaccountgroup.com
Phone: 1-877-225-3882
Fax: 1-877-353-8910
Todd Smith

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