Via Bloomie:
Surging output, tight inventories and supply constraints will help push copper to $8,000 a ton over the next 12 months — a level not seen since 2013 — while iron ore will rally by nearly a fifth by the beginning of May, analysts including Jeffrey Currie and Michael Hinds said in a report.
The bullish outlook comes as factories in Europe boost output to near-record levels and the bank says its gauge of financial conditions in the U.S. is the strongest ever. With emerging markets also on a tear, the bank sees global growth running at an annualized rate of 5.1 percent.
