Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to global decarbonisation or short-term supply-demand imbalances. {table} We have raised short- and medium-term copper prices due to strong demand, supported by energy transition trends such as electric vehicle production and renewables roll-out. Copper inventories are at very low levels (less than three weeks’ worth of consumption with exchange stocks at 20-year lows). We expect the copper market to stay largely balanced over the medium term, supporting prices. While demand is ... (full story)