Rising demand for copper driven by a potentially w
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Posted On: 01/08/2024 5:42:26 AM
Rising demand for copper driven by a potentially weaker U.S. dollar and a turn to green energy will drive up copper prices, according to a report by BMI, a Fitch Solutions research unit. In a December report, Citibank forecast copper demand to increase by an extra 4.2 million tons by 2030, which could push up prices to $15,000 a ton in 2025 — the metal was last trading at $8,559 a ton.
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