Citigroup is optimistic about next year's market, with copper prices reaching a record high of USD 11,581 per ton | Lianhe Zaobao
Citigroup analysts predict that copper prices will continue to rise before 2026, averaging $13,000 per ton in the second quarter of next year. Following the report's release, copper prices increased by 1.2% to $11,581 per ton. Traders expect a misalignment in copper supply, potentially leading to shortages in other regions due to U.S. stockpiling of copper. Over the next decade, the copper market will face structural shortages due to strong demand
