Citi leans bullish on near-term copper and sees copper prices touching USD 14,000/ton over the next three months; maintains average year price forecast of USD 13,000/ton
Newsquawk Staff ·
Citi leans bullish on near-term copper and sees copper prices touching USD 14,000/ton over the next three months; maintains average year price forecast of USD 13,000/ton.
What it means
Citi's bullish stance on near-term copper, predicting prices to reach USD 14,000/ton in the next three months, signals a strong demand outlook. Maintaining an average price forecast of USD 13,000/ton further reinforces this positive momentum, potentially driving up interest and investments in copper-related assets while impacting inflation expectations and currency movements.
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