Demand for copper rod and wire should start to peak in H2 2021. Meanwhile, supply disruptions in South America will likely persist on under-investments in mines this year and questions over the speed of vaccine distribution in the continent. Strategists at OCBC Bank see copper testing a high of $8,800/mt at the end of the next year. Key quotes “Copper demand may have yet to peak vis-à-vis steel, while supply also remains a big concern, given the concentration of production in South American economies.” “It remains a question mark if the under-investment in copper mine CAPEX could impede mining output beyond 2021.” “We think copper may peak at $8,800/mt by end 2021.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next IOTA’s David Sønstebø clarifies the reasons for his departure as the price struggles to stay above $0.3 FX Street 2 years Demand for copper rod and wire should start to peak in H2 2021. Meanwhile, supply disruptions in South America will likely persist on under-investments in mines this year and questions over the speed of vaccine distribution in the continent. Strategists at OCBC Bank see copper testing a high of $8,800/mt at the end of the next year. Key quotes “Copper demand may have yet to peak vis-à-vis steel, while supply also remains a big concern, given the concentration of production in South American economies.” “It remains a question mark if the under-investment in copper mine CAPEX could impede mining output… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
