Home / Metal News / Copper / Citibank’s Bold Copper Price Forecast for 2017-2020
Citibank’s Bold Copper Price Forecast for 2017-2020
Jul 13,2017 10:12CST
industry news
Source:SMM
Citibank expects copper prices to top $6,000 per tonne due to supply deficit.

SHANGHAI, Jul. 13 (SMM) - Citibank expects copper prices to top $6,000 per tonne due to supply deficit, and reach $7,000 per tonne before the end of 2017. Copper prices may even outstrip $8,000 per tonne by the end of 2020, according to stcn.com.

China Copper Output Advances in June, SMM Reports

China’s demand will grow 3-4% in the back half of 2017 due to grid upgrading and vehicle sales. This will drive up copper prices. 

Guangxi’s Qinzhou for the First Time Returns Fake Copper Concentrate Shipments to Malaysia

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Citibank
copper prices
copper price forecast

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news