The Citi Research Team offered key insights on the outlook for copper, via Twitter, noting that the red metal is a long-term buying opportunity.
Key Points:
Prepare for a decade of copper on ‘steroids’.
Current copper prices not high enough to spur supply.
Citi bumps its long term copper price forecast to $7,500/t (from $7,000/t).
Trade war present a long-term buying opportunity for copper.
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