Copper prices on the London Metal Exchange are growing strongly - by 1.7%. The metal has earned more than 50 percent in the past 12 months, and so far Dr. Copper, as he talks about copper, is not bad. Copper on the LME for 3-month delivery is worth $ 7123.00 a tonne on Tuesday, dealers said.
Goldman Sachs analysts are "optimistic" about copper prices, and their 12-month forecast for metal prices has increased by 28% to $ 7,500 per tonne. They estimate that the metal could grow to $ 8,000 per ton by 2022.
In 2018, a copper market deficit of 130,000 tons can be expected. “Markets have not yet fully appreciated the current situation - to synchronize global economic growth and reduce the risk of the state of the Chinese economy,” they write in the note.
Skeptics are economists at Barclays, who expressed doubts last week that copper prices are not separating from funds. “Something especially strange is happening with this rally in the copper market because while the fundamentals of the market are improving, they have not changed significantly,” a Barclays analyst said in a note last week.
On Monday, copper on the LME climbed $ 52 to $ 7,004.00 per tonne.
Copper has risen by 50% and this is not the end of growth
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Azovpromstal® 24 October 2017 г. 11:25 |
