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Home / Metal News / Citibank’s Bold Copper Price Forecast for 2017-2020

Citibank’s Bold Copper Price Forecast for 2017-2020

Jul 13, 2017 10:12

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.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Citibank’s Bold Copper Price Forecast for 2017-2020

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