Scotiabank just lifted its entire copper price deck and is openly flagging a near-term squeeze toward $7/lb. The bank's metals team led by Orest Wowkodaw dropped a 50-plus-page fundamental review Sunday with a title that doesn't bury the lede: the copper market is tighter than you think. Their read is that copper has "entered into a material multi-year net deficit position," and that the supply side has no realistic shot at filling it because of the extremely long lead times to build a mine. The new deck. 2026-2029 forecasts go to $5.95, $6.00, $5.75 and $6.00/lb — an average bump of 10% per year. They added a ... (full story)