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Copper to elbow iron ore out of spotlight, say banks

While investor interest has been mostly directed towards iron ore in recent weeks, banks including Morgan Stanley and Jefferies say the easing of lockdowns – most notably in Europe – mean copper should take centre stage over the second half of the year.

Copper to elbow iron ore out of spotlight, say banks Copper to elbow iron ore out of spotlight, say banks Copper to elbow iron ore out of spotlight, say banks Copper to elbow iron ore out of spotlight, say banks Copper to elbow iron ore out of spotlight, say banks

Morgan Stanley is one of the banks forecasting a rise in copper prices in the second half of 2020

Buoyant iron ore prices have been driven by strong Chinese demand and weak Brazilian shipments. Copper prices have also risen, but remain below pre-pandemic levels at just over US$5,500/tonne.