CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Citi Lowers 0-3 Month Copper Price Forecast To $13,300/T From $14,500/T

By Reuters News

Nov 6 (Reuters) - CITI:

  • LOWERS 0-3 MONTH COPPER PRICE FORECAST TO $13,300/T FROM $14,500/T

  • SEES COPPER SURPLUS FOR 2027 AND 2028 AT CURRENT PRICES

  • SAYS HIGH PREVAILING INTEREST RATES ARE A HEADWIND FOR CYCLICAL COPPER DEMAND AND CARRYING INVENTORY HEADING INTO 2027

  • SAYS A PULLBACK IN US COPPER TARIFF EXPECTATIONS LIKELY TO PROMPT RISK-OFF BEHAVIOUR

  • SAYS SUPPLY GROWTH EXPECTED TO BE STRONGER IN 2027 AND COULD SURPRISE TO THE UPSIDE

  • SAYS ENERGY TRANSITION DEMAND GROWTH LIKELY TO SLOW IN 2027 ON REMOVAL OF CHINA EXPORT INCENTIVES AND HIGHER TAXES, RISING TRADE BARRIERS

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