Copper prices averaging lower than expected this year, but major uptick looms

From miningweekly.com

Research agency Fitch Solutions Country Risk & Industry Research has revised downward its copper price forecast for this year to about $8 800/t, down from $9 470/t it anticipated previously. The agency says investor sentiment for copper has been weakening, as has demand for the base metal, in light of slower global growth.Competing supply and demand factors have caused considerable volatility this year. After being driven to at an all-time high of $10 674/t on March 4, owing to concerns about supply disruptions after Russia’s invasion of Ukraine, copper prices began to fall sharply in late April as the global ... (full story)