BASE METALS

Jefferies lifts copper price forecast

US investment bank Jefferies has raised its copper price forecast for 2021 by 14% to US$3.70/lb, ahead of a predicted surge in demand from electric vehicles and renewable energy and the recovery of markets outside China.

Copper demand won't be dampened by China's predicted slowdown

Copper demand won't be dampened by China's predicted slowdown

Jefferies said the demand would "more than offset" a slowdown in Chinese consumption.   "We believe that the copper market has shifted into a multi-year deficit that will eventually be resolved by...

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