Copper's robust rally to record highs in the first half of the year could present the high water market for the base metal as its fundamental supply picture starts to balance out, according one research firm. In a recently published report, Kieran Clancy, assistant commodities economist, said that shifting global growth forecasts and growing supply will push copper prices back down to $8,000 per ton by the end of the year, and prices could fall back to $7,500 a tonne by the end of 2022. The new forecast comes as copper prices have fallen 10% from their May highs above $10,000 per tonne. Copper spot prices on the ... (full story)