Trading Giant Expects Copper Prices To Hit Record High ...Middle East

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Trading Giant Expects Copper Prices To Hit Record High
source : OILPRICE ( Middle East ) () 36
Copper prices are likely to hit a record high in the next 12 months, commodity trading major Trafigura has forecast, citing the rebound in China’s economy and short supply. Global inventories of the basic metal, which is essential for wind and solar power installations and for EVs, among many other things, have shrunk to the lowest since 2008, the Financial Times noted in a report on the forecast. If demand from China continues to grow, the market could tip into a shortage, which will push prices much higher. Over the past year or so copper…

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