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Home / Metal News / JP Morgan: Copper Prices to Weaken to $5,000 by Year-End as Ore Supplies Grow

JP Morgan: Copper Prices to Weaken to $5,000 by Year-End as Ore Supplies Grow

Jun 13, 2017 10:50

Source:SMM

JP Morgan analyst expects copper prices are expected to fall to $5,000 yuan per tonne by the end of the year as ore supplies grow, according to wenhua.com.

SHANGHAI, Jun. 13 (SMM) – JP Morgan analyst expects copper prices are expected to fall to $5,000 yuan per tonne by the end of the year as ore supplies grow, according to wenhua.com.

JP Morgan analyst Natasha Kaneva said the likelihood of additional supply interruption caused by labor issue is low. Copper ore production will increase 2.1% on a yearly basis during April-December.

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JP Morgan: Copper Prices to Weaken to $5,000 by Year-End as Ore Supplies Grow

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