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Home / Metal News / Investment Bank Views: Copper Price to Break $8,000 in 2022

Investment Bank Views: Copper Price to Break $8,000 in 2022

Oct 24, 2017 13:49

Source:SMM

Goldman raises estimated copper price in 12 months from $5,500 to $7,050, based on weakened US dollar and China’s prospect.

SHANGHAI, Oct. 24 (SMM)－Goldman raises estimated copper price in 12 months from $5,500 to $7,050, based on weakened US dollar and China’s prospect. It is estimated there will be a 130,000 tonne’s shortage in copper market in 2018. The copper price is estimated to break $8,000 per tonne in 2022.

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