“In this environment, my outlook for copper is pretty gloomy: sideways to downward price trends for the upcoming calendar year,” said Jeffery Born, finance professor at Boston's D'Amore-McKim School of Business. Referring to the tapering off of quantitative easement, announcing by the Fed in December, and put into place in this month, Born is concerned about the interest rates jumping and causing negative affects on the economy. “This fear has pushed all but the most flush or optimistic corporations to sidelines, suggesting weak growth (if any) in manufacturing output for 2014, even if the end of QE isn't announced this year,” Born said.
A corrosive year for copper prices
