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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (1449)	5/24/2006 6:51:15 PM
From: Stephen O	Read Replies (1) \| Respond to of 2131

Metal Price Forecast Is Raised by HSBC After Speculative Buying 2006-05-24 11:21 (New York) By Simon Casey May 24 (Bloomberg) -- HSBC Holdings Plc, Europe's largest bank by market value, raised its price forecasts for metals including copper and aluminum after speculative investors increased their holdings. HSBC increased its average price forecast for copper in 2006 by 40 percent to $2.80 a pound, analysts led by Paul McTaggart said today in an e-mailed report. The London-based bank raised its aluminum forecast 21 percent to $1.21 a pound, zinc 28 percent to $1.18 a pound and platinum 15 percent $1,141 an ounce. ``High metal prices reflect ongoing inflows of speculative money,'' the analysts said. --Editor: Osborne