[MEDIA] So why is the price falling? The copper price is down...

So why is the price falling?

The copper price is down 10% since hitting all-time highs of US$10,500 a tonne (US$4.75/lbs) during May 2021 and the above article says forecasts are for further declines.

Two years out among more than 30 investment banks, economists and research houses polled (by Focus Economics) copper price consensus is for an average US$8,131 a tonne (US$3.68/lb).

Technically, that means copper is entering a bear market.

But it is worth remembering that the metal also traded at these levels as far back as 2011.

Rapid demand growth and rising risks to supply since then does not seem baked into today’s price, much less in continuing declines.





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.