Copper14 Jan 2020 07:29
Analysts think the price of copper could jump this year, with capital spending for new production down and stockpiles tapped out as U.S.-China trade tensions are easing.
The threat of a long trade war limited mining activity and kept manufacturers from adding to their stocks, resulting in inventories at warehouses tracked by the three international exchanges shrinking by 37% since July to just 300K tons, equivalent to just 1.2% of global consumption.