Copper market to face a tough period due to supply cuts
A forecast surplus of copper going into 2024 has suddenly all but disappeared.
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A forecast surplus of copper going into 2024 has suddenly all but disappeared.
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Copper set for lifetime highs; EVs, renewables likely to be key drivers SECTIONS Copper set for lifetime highs; EVs, renewables likely to be key driversBy Navneet Damani, ET CONTRIBUTORS Last Updated: Apr 22, 2021, 07:08 PM IST Share Synopsis The entire non-ferrous metals complex has seen a persistent rally with gains to the tune of 30-80 per cent in the last 12 months. AFP Related Base metals have been on the rise since April 2020 with many of them seeing momentum continuing. However, some intermediate speed bumps are also on the way. The entire non-ferrous metals complex has seen a persiste...
In the near term, market focus will be on how soon US stimulus is approved as well as economic data from major economies.