Sheng Raises 2026 Copper Price Forecast to $12,200/mt, H2 2027 to $12,000

Published: Feb 28, 2026 14:14

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Sheng raised its copper price forecast, expecting copper prices to reach $12,200 per mt by the end of 2026, up from the previous expectation of $11,000. The bank also raised its price expectations for H2 2027, now projecting copper prices to reach $12,000, compared with the previous estimate of $11,000.

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