Most analysts I've spoken with see Cu prices in the US$5-5.50 range by the end of this year
Absent a Recession of course
Many analysts are predicting the low 4's and the reason they give is an over supply issue this year and next. I think copper price is conflicted right now, there's a shortage coming but also the very real chance of a global Recession. Dr Copper can't on one hand predict a Recession while the copper price is expected to respond to a looming shortage.
Most analysts I've spoken with see Cu prices in the US$5-5.50...
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