LME Copper to Breach $7,500 in 2018, and China Copper Concentrate TCs to Slide

SHANGHAI, Sept. 28 (SMM) - One industry insider reckons TCs of spot copper concentrate will slide in the near term, but has no idea about floor price for term TCs in 2018.

Goldman Sachs Sees Copper Price Fall in 6-12 Months

With regard to copper price, it is believed LME copper will find support from $6,200 per tonne in the near term and then rise further.

Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600

LME copper is expected to top $7,500 per tonne in 2018.

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