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What’s Going On With Copper?

Monday, 6 Dec 2010 | 5:41 PM ET

A growing production deficit is expected to lift the price of copper through a series of all-time highs and a peak well above $11,000 per metric ton in 2013, said metals research and consulting firm GFMS in its Quarterly Three-Year Copper Forecast report.

"The noteworthy deficits the market has seen recently will push the overall market balance for this year into negative territory," GFMS said in a news release on Monday.

In the first half of 2011, GFMS sees slower economic conditions briefly tipping the global copper market into a modest surplus. But deficit conditions are expected to reemerge in the second half of 2011 and should remain over the following two years, as supply struggles to keep up with consumption.

How should you trade copper in the wake of this note. Watch the video and find out now!

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