03
May
15:31
Copper on-track to hit $20,000/t by 2025: Bank of America
Copper prices could reach north of $13,000/tonne in the near-term, with a longer-range price of $20,000/tonne possible by 2025, according to a Bank of America analysis by commodity strategist Michael Widmer.
“With LME inventories close to the pinch-point at which time spreads can move violently, there is a risk backwardation, driven by a rally in nearby prices, may increase,” Widmer writes. “After the deficits in 2021 and 2022, we expect a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous