Copper stays range bound as US tariff uncertainty, oil inflation risks weigh
Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious. China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains. Goldman Sachs expects copper prices to average $15,400 a ton in 2027.
Key Takeaways
- Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious.
- China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains.
- Goldman Sachs expects copper prices to average $15,400 a ton in 2027.
Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious. China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains. Goldman Sachs expects copper prices to average $15,400 a ton in 2027.
Original Publisher Attribution
This summary was curated from Economic Times.