Bank raises copper price forecast

US investment bank Jefferies has raised its copper price forecast for 2021 by 14% to US$3.70 per pound, ahead of a predicted surge in demand from electric vehicles and renewable energy and the recovery of markets outside China.

Bank raises copper price forecast Bank raises copper price forecast Bank raises copper price forecast Bank raises copper price forecast Bank raises copper price forecast

Copper demand won't be dampened by China's predicted slowdown

Jefferies said the demand would "more than offset" a slowdown in Chinese consumption.

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