CAPITAL MARKETS

Smith Barney revises copper forecast up

CITIGROUP Smith Barney has upped its copper price forecast by 5 cents to US85cents a pound in 2004 on the back of the improved macroeconomic picture in the United States.

Michael Quinn
Smith Barney revises copper forecast up

While copper demand in the US remains depressed - consumption declined by 8% in the first half of 2003 - Smith Barney said data over the past couple of weeks supports its view that the economy is an "inflection...

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