Reported about 1 month ago
BHP Group Ltd. has issued a cautious outlook on copper, foreseeing a modest global surplus until 2025 due to lowered demand in China, while still predicting significant price increases in the long run driven by a looming supply shortage amid rising demand from renewable energy and infrastructure developments. The company's latest report reflects a decline in Chinese copper consumption growth expectations, emphasizing potential volatility in the market over the next year and a half.
Source: YAHOO