Bank forecast. Take with grain of salt
Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc., which shrugged off fears for world growth to boost its long-term forecasts.
“Prepare for a decade of Dr. Copper on steroids,” analysts including Max Layton and Tracy Liao wrote in a July 17 note. The bank sees average annual prices at $8,000 a metric ton in 2022, passing $9,000 a ton by 2028 under its baseline scenario. The metal, often viewed as a barometer of world economic health, closed Tuesday at $6,152 a ton in London.
https://www.bloomberg.com/news/arti...er-on-steroids-as-trump-slump-belies-shortage
Upcoming ten bagger, page-61
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.525M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $2.519K | 1.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 23683839 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 660333 | 1 |
View Market Depth
| Last trade - 14.23pm 21/06/2024 (20 minute delay) ? |
| EEL (ASX) Chart |