Citi says copper looks supported in the near-term around USD 13k/t; base case is headwinds from US tariff and inventory dynamics see copper moderate towards USD 12k/t by Q4'26
Citi's outlook on copper suggests near-term support around USD 13k/ton, yet anticipates downward pressure towards USD 12k/ton by Q4'26 due to US tariffs and inventory trends.
Newsquawk Weekly Economic Calendar 11th - 15th May 2026
Burnham allies ‘offer MPs peerages to stand aside’ so he can run for PM, i Paper reports
Citi says copper looks supported in the near-term around USD 13k/t; base case is headwinds from US tariff and inventory dynamics see copper moderate towards USD 12k/t by Q4'26
BoE's Bailey does not comment on monetary policy
Turkish Treasury Cash Balance (Apr) -251.242B (Prev. -279.578B)
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This forecast indicates potential fluctuations in copper prices, likely impacting broader commodity markets and related sectors, especially considering its role in inflation dynamics and industrial demand.
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