Reported about 17 hours ago
Citigroup forecasts that copper prices will rise to $10,000 per ton within the next three months, driven by a tight global market as the timeline for U.S. import tariffs remains uncertain. Recent surges in copper prices follow President Trump’s investigation into copper imports, causing increased demand and shipping to the U.S. While the market struggles with looming tariffs, Citigroup expects temporary price support until the tariffs are clearer, despite previously predicting a decline to $8,500 per ton later.
Source: YAHOO