Copper Price Forecast: Why the Red Metal is on a Long-Term Bull Run
May 06, 2011 at 06:00 AM EDT
With metals and commodities on a long-term bull-market run, investors have recently turned their attention to copper. The red metal's price recently has fallen due to mixed economic data. Copper's use as an industrial metal - it's widely used in buildings, electronics, appliances and automobiles - makes it sensitive to economic growth prospects. But despite the recent dip, many analysts and industry experts have a bullish copper price forecast.