📊 According to a report, Deutsche Bank forecasts that the price of copper will reach $22,000 per tonne by the second quarter of 2027.
📍 What are the reasons behind this forecast?
▪️ Accumulation of copper stockpiles: The US and China are increasing their copper reserves and could control approximately 71% of the global copper supply by the end of 2026.
▪️ Reduced global market supply: The movement of copper into US warehouses, combined with rising Chinese stockpiles, could limit access to copper for other consumers.
📍 What are the reasons behind this forecast?
▪️ Accumulation of copper stockpiles: The US and China are increasing their copper reserves and could control approximately 71% of the global copper supply by the end of 2026.
▪️ Reduced global market supply: The movement of copper into US warehouses, combined with rising Chinese stockpiles, could limit access to copper for other consumers.
