Copper prices have repeatedly hit new highs, accumulating a 36% increase this year. Citigroup expects prices to reach $15,000 per ton in the second quarter of next year
Copper prices have reached new highs this year, and Citigroup predicts that copper prices will continue to rise next year, potentially reaching USD 15,000 per ton in the second quarter. Supply disruptions and concerns over U.S. tariffs are stimulating demand, as electrification and data center construction require large amounts of copper. Citigroup believes that U.S. stockpiling of copper will reduce global inventories, driving up copper prices. Avatar Commodities and ING strategists also predict that copper prices will hit new highs, mainly due to the impact of tariff expectations
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