By Chanyaporn Chanjaroen
Sept. 12 (Bloomberg) -- Copper may fall next week as global economic growth cools, reducing demand for industrial metals.
Nine of 16 analysts and traders surveyed yesterday and Sept. 10 forecast copper will drop next week. Five expected an increase and two were neutral. Copper for delivery in three months on the London Metal Exchange has risen 1.2 percent this week.
The euro-area economy contracted in the second quarter and U.S. jobless claims reached the highest since October 2003.
This week's survey results:
Bullish: 5 Bearish: 9 neutral: 2
To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net
Friday, September 12, 2008
Copper May Decline Next Week on Demand Concern, Survey Says
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