16
Aug
17:40
COPPER, NICKEL: Analysts expect copper prices to lead commodity rally into year-end
Copper prices have been “remarkably resilient” despite a series of near-term negative outlooks and will lead a commodity rally into year-end, according to Jefferies analysts.
The base metal crucial for electrification is currently trading at $4.39/pound in the spot market. The forecast led by equity analysts Christopher LaFemina and Patricia Hove expects copper prices to average $4.49/lb this year, before rising to $5.5/lb in 2022 and peaking at $7/lb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous