Citibank’s Bold Copper Price Forecast for 2017-2020-Shanghai Metals Market

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Citibank’s Bold Copper Price Forecast for 2017-2020

Industry News 10:12:37AM Jul 13, 2017 Source:SMM

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’s Bold Copper Price Forecast for 2017-2020

Industry News 10:12:37AM Jul 13, 2017 Source:SMM

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.