INTL COPPER CONF: Bullish copper outlook driven by Chinese demand, mine underinvestment - analysts

The three-month copper price on the London Metal Exchange is forecast to continue its uptrend in 2019, according to the copper analysts sitting on a panel at Fastmarkets’ International Copper conference in Amsterdam on Wednesday March 13.

The three-month copper price has recently continued to trade just below $6,500 per tonne, up by more than 6% since the start of the year. And copper’s incline will prevail, according to a panel of analysts from Citibank, Concord Resources, Marex Spectron and Fastmarkets. “We’re seeing a lot of [trade] flows starting to slow now, and we are getting to a phase where it’s make or break for hard data to feed through into the [global] economy. If that encourages liquidity, then it could spur dip-buying in copper,” Citibank commodity...

Published

Hassan Butt

March 13, 2019

17:40 GMT

Amsterdam