Reported 3 days ago
Kostas Bintas, a prominent copper trader, forecasts record-high copper prices, potentially reaching $12,000-$13,000 per ton, driven by Trump's tariff threats impacting global supply dynamics. A significant shift of copper to the U.S. market is predicted to leave China, the largest consumer, with dwindling inventory, creating competitive pressures. Despite previous disappointments in price predictions, current trends indicate rising demand outpacing supply, leading to expectations of a more aggressive trading environment.
Source: YAHOO