RE: Boom23 Mar 2021 17:20
Fascinating article Cornish
‘Trafigura expects the metal to breach $10,000 a ton this year, before entering a range of $12 000 to $15 000 a ton over the coming decade. Other ardent copper bulls including Goldman Sachs Group Inc., Bank of America Corp. and Citigroup Inc. have similarly strong near-term forecasts, but Trafigura has set itself apart with its lofty long-term target.
Goldman expects copper to hit $10 500 a ton within 12 months, while Citi sees it reaching $12 000 next year in its bull-case forecast. In the years to come, that’s likely to become the floor for prices as the industry revalues the metal, according to Trafigura.’