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Robert Friedland: Copper price targets raised to $15,000 per tonne by major banks

Robert Friedland: Copper price targets raised to $15,000 per tonne by major banks
Banks raise copper target to $15,000

Leading banks Morgan Stanley and Citibank have updated their short-term copper price forecasts to $15,000 per tonne, according to commentary from Robert Friedland. The current copper price stands at $13,636 per tonne. Citibank cites concerns over supply growth and recently implemented U.S. copper tariffs as contributors to potential upward price movement in the next 6 to 12 months. Strong demand trends are also considered key factors supporting this bullish outlook.

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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