Copper's Slide Draws Bullish Calls From Deutsche Bank and BMO
Copper is heading for its steepest weekly drop since May, while Deutsche Bank sees a rally to $22,050 and BMO raises its 2030 forecast.
Copper is heading for its steepest weekly drop since May, while Deutsche Bank sees a rally to $22,050 and BMO raises its 2030 forecast.
Deutsche Bank predicts a copper supply squeeze, targeting $10/lb by 2027, as inventories shrink and tariffs lock up metal.
Copper futures hit a record $6.95/lb on Sept 22, outpacing gold's flat 2026 amid supply tightness and AI demand.
Copper hit a record after Michael Burry named a miner as his AI bet, citing a long mine-development gap.
Copper prices fell nearly 8% from August highs despite supply constraints. Economist Steve Hanke remains bullish on the metal's long-term outlook.
Gold, copper and the AUDUSD fell sharply today, breaking key technical supports, reflecting weaker commodity demand and a stronger US dollar.
Peter Schiff touts nickels over Treasuries based on melt value, but melting is illegal and storage is impractical.
Copper hit a record $14,617/ton on the LME as traders await a US tariff decision on refined metal amid supply tightness.