Citi Remains Neutral Copper Until More Energy-Market, Tariff Clarity Emerges

By Reuters News

- CITI RESEARCH:

  • SAYS IT REMAINS NEUTRAL COPPER UNTIL MORE ENERGY-MARKET AND TARIFF CLARITY EMERGES, VIEWS ANY ASSOCIATED RISK OFF-EPISODES AS GOOD LONG-TERM BUYING OPPORTUNITIES

  • SAYS ALUMINIUM BEARS FOCUSSED ON PROSPECT OF A SIZEABLE SURPLUS (1-2MT) IN 2027 MAINLY ON STRONG INDONESIA-LED SUPPLY GROWTH AND MUTED DEMAND OUTLOOK

  • SEES 6–12-MONTH UPSIDE TO $60KT FOR TIN IN BASE CASE ($70K/T BULL CASE)

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