Trafigura: Copper Prices Seen Peaking in Next 12 Months, Even Exceeding $12,000/mt

Regarding the copper price outlook, the market has been divided. Recently, Reuters reported that KOSTAS BINTAS, the world's largest copper trader - Trafigura Group metals and mining co-head, said: "Due to very tight inventories, copper prices may hit record highs in the next 12 months. Even more than $12,000 a tonne. At the end of last year we had only 3.5 days of copper equivalent.”