Is Copper A Winning or Losing Bet Right Now? ...Middle East

OILPRICE - Economy
Is Copper A Winning or Losing Bet Right Now?
The red-hot copper rally has cooled off in recent weeks, with prices pulling back from their May all-time high to close below $9,000/t. Just like in the oil markets, sentiment in copper markets has weakened, driven by weak U.S. manufacturing and labor market data, soft China data, and a sizable build in LME inventories.  Last week, Goldman Sachs downgraded its copper price forecast, due to weakening demand from China. GS now sees copper prices averaging $10,100 per metric ton in 2025, a sharp reduction from its previous forecast of $15,000.…

Hence then, the article about is copper a winning or losing bet right now was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Is Copper A Winning or Losing Bet Right Now? )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News