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Robert Friedland: UBS raises copper price forecasts ahead of China Politburo meeting

Robert Friedland: UBS raises copper price forecasts ahead of China Politburo meeting
UBS boosts copper outlook before China meet

UBS has revised its short, medium, and long-term copper price forecasts upwards prior to the upcoming Politburo meeting in China next week. According to a post by Robert Friedland, one of the meeting’s top priorities is expected to be planning for fixed asset investment in areas including artificial intelligence datacenters and energy. The focus on such investments may have implications for future demand for copper and broader market trends.

Copper prices have remained close to all-time highs as LME stockpiles continue to fall. Robert Friedland has previously pointed out that mine supply disruptions are expected to sustain market tightness in the sector. The U.S. has also taken steps to address supply chain risks with an executive order mandating full mapping of critical minerals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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