Currently viewing Global edition

Five reasons red-metal bulls are wrong (right)

While Rio Tinto’s head of copper, Jean-Sebastien Jacques, was talking up the 10-year view of the red metal in London in the past week, saying a looming supply deficit will push up prices, opinion is well and truly divided on the nearer-term outlook.

The industry’s dominant commodity in terms of equities exposure through exploration and production, copper has analysts setting starkly divergent courses on the back of available data with a “weaker