BofA raises long-term copper forecast to $12,000 per ton
Bank of America strategists raised their long-term copper price forecast by 20% to $12,000 per ton, or $5.44 per pound in 2026 dollars, according to a commodities update report. The bank cited ongoing supply issues as the main driver behind copper’s continued price strength. The forecast adjustment comes after more than 12 months of policy ...
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