@...@Copper has plunged almost 50 percent from a record $10,190 a metric ton set in 2011// The price, at about $5,306//50 now, will drop to an average $4,500 a ton in 2017 and 2018, Goldman Sachs Group Inc// wrote in an Oct//©8 report// Money managers have beenbetting on lower prices for almost every week since June, U//S// government data show//
@...@**We continue to strongly recommend producers increase the hedging of their
copper exposure and investors either reduce long exposure or take out long~dated short exposures in copper,** ©Goldman Sachs analyst Max Layton said in the report//