Copper Forecast: More Upside for Red Metal on Upgraded Global GDP, US Stimulus? 2021-04-07 03:00:00 Thomas Westwater, Analyst Copper, China Demand, Chile Supply shock, Biden Stimulus – Talking Points Copper seen as a vital industrial metal for ongoing stimulus efforts IMF’s updated WEO supports growth-fueled economic narrative Prices may move slightly lower to retest a triangle’s upper bound Copper prices are on the up once more following a small pullback in March when a broadly stronger US Dollar weighed on the industrial commodity. The red metal is near 3% higher since the start of April as Greenback strength eased along with recently high-flying Treasury yields. Looking ahead, the global narrative for copper appears as bullish as ever.