Reported about 9 hours ago
JP Morgan forecasts a significant increase in copper prices, projecting them to average $11,000 per metric ton in 2026, amid a global copper deficit expected to grow to 160,000 metric tons. The bank anticipates a 10% tariff on copper imports to be implemented by late Q3 2025, following U.S. trade policy developments. Additionally, concerns about slowing Chinese demand growth pose risks to copper market stability, while global demand is expected to decelerate slightly from 3.2% in 2024 to 2.9% in 2025.
Source: YAHOO