首页|Don't bet on copper price to hold, warns Morgan Stanley
Don't bet on copper price to hold, warns Morgan Stanley
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NSTL
Up today. Down tomorrow. That's the latest view of the copper price from in-vestment bank Morgan Stanley. The short-term outlook, according to the bank, is for the copper market to remain tight thanks to a number of "supply challenges". But in the second half of the year a series of new mines and expanded operations is expected to see a steady increase in metal inventories, which will bear down on the price. Since the start of the year, copper has been the mining world's laggard, sitting around US$10,000 per tonne since mid-March and even the recent retreat to $9,766/t, the lowest in three months, is showing signs of reversing back to the $10,000/t level.
NSTL
