The bank now expects copper prices to reach $15,000 per metric ton by March 2027. It continues to have a positive view on copper and recommends investors keep long positions. Although copper prices have paused recently after rising, UBS believes prices will continue to increase each year. High price levels are expected to remain through…
Copper prices are down 0.18% to 878.3. Investors are a little scared due to the conflict between Israel and Iran and the unclear supply-demand situation. However, prices are somewhat stable due to the low availability of copper worldwide. LME (London Metal Exchange) copper stocks are at 107,350 tons. This is 60% lower than in March…
For the first time since March 2022, copper stocks in COMEX warehouses are now higher than those on the London Metal Exchange (LME). The change is due to strong US demand and higher prices for copper in the US compared to other regions. Although LME copper stocks fell 37% to 164,725 metric tons due to…
