Copper price bulls bring back US$10,000/tonne forecasts

https://www.mining.com/charts-copper-price-bulls-bring-back-10000-forecasts/

ANZ sees copper topping US$9,000 a tonne in the short-term and expects copper to trade above US$10,000 over the next 12 months as refined deficits reach 400kt.

Perennial copper bulls Goldman Sachs sees the metal trading at US$10,000 a tonne by the end of the year.

As for the long-term demand outlook, few analysts have graphs that don’t start in the bottom left corner and end near the upper right.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.