JPMorgan forecasts a copper deficit of 130k tonnes in 2026
Newsquawk Staff ·
JPMorgan forecasts a copper deficit of 130k tonnes in 2026.
What it means
JPMorgan's projection of a 130k tonne copper deficit in 2026 highlights potential supply challenges ahead, which could support prices in the medium term. This deficit forecast suggests a growing demand for copper, driven by trends like electric vehicle production and renewable energy investments, which could further tighten market conditions. Traders should consider how this outlook might influence related sectors and commodities.
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