On the London Stock Exchange rising copper prices

Cost of copper delivery in three months during trading on the London Metal Exchange rose 1.2% to 9,557 dollars per ton. On it informs Bloomberg. In turn, the March contract on the red metal on the Stock Exchange in New York increased by 0.3% to 4.3515 dollars per pound. According to the company Caterpillar, which is the world's largest manufacturer of earthmoving equipment and mining equipment, copper prices in 2011 will increase against the background of global economic growth and recovery in construction in developed countries. It is assumed that the red metal will be offered at a price of 4.25 dollars per pound, up 24% compared with last year. Recall that the projected technical analysts Samsung Securities in the first half of 2011, copper prices may increase to 11 thousand dollars per ton. Macquarie Bank experts recently declared that the world market in 2011 will be observed copper deficiency in the amount of 550 thousand tons. Ministry of Industry