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<Research>Citi: Copper Prices Top US$13K/ Ton Target; ST Outlook Remains Bullish
Recommend 10 Positive 22 Negative 10 |
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Copper prices have leapfrogged in recent weeks, surpassing Citi's bullish target of US$12,000 per ton for 0-3 months and US$13,000 per ton for 6-12 months set in the "2026 annual commodities outlook" of the broker. Citi remained tactically optimistic about copper prices in the coming weeks and raised the 0 to 3-month target to US$14,000 per ton. However, the broker maintained its base case forecast unchanged, with an average price of US$13,000 per ton for 2Q-4Q26. AASTOCKS Financial News Website: www.aastocks.com |
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