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Copper MMI: Fears over tight copper market

Copper MMI: Fears over tight copper market
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Copper prices decline in June after reaching all-time high in May

Copper prices decline in June after reaching all-time high in May
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Copper price cools in second half of May after reaching all-time high

Copper price cools in second half of May after reaching all-time high
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Copper price roars to record high amid supply tightness, dollar's decline

The
Copper Monthly Metals Index (MMI) surged by 10.6% for this month’s reading, as the copper price has soared to a record high.
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Copper prices reach record highs
Last month, MetalMiner’s Stuart Burns dissected various views on the copper market after prices had retraced from a February peak of around $9,600 per metric ton.
Would the price go up or would it languish? As he noted, banks held differing opinions, with Goldman Sachs being particularly bullish on the red metal.
“JP Morgan is forecasting copper prices to peak at $9,000 per ton this quarter and slide back to $7,865 per metric ton over the second half of the year,” Burns wrote last month. “It argues more plentiful mine supply will take the steam out of the copper market. ....

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Experts Believe Copper Demand Likely To Remain Strong Well Into 2021

Experts Believe Copper Demand Likely To Remain Strong Well Into 2021
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