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Citibank’s Bold Copper Price Forecast for 2017-2020
Jul 13, 2017 10:12Source: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
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