Copper prices expected to fall

An informal survey by the American Copper Council indicates copper industry executives are more bearish on copper prices than bullish. Delegates to a recent New York hedging seminar were polled on the issue: 41.7% were bearish, 20.8% were bullish and 37.5% (mostly producers) were not expecting any great price changes.

The council says 48 of 67 delegates responded to the survey. Fabricators and consumers tended to be the most bearish, and scrap dealers the most bullish, in their expectations.