Copper projected to reach $12,000 by 2026 – Bank of America

Copper is increasingly ‘dancing to its own tune’, with prices of the red metal forecast to reach about $12,000 per tonne by 2026, say Bank of America analysts. BofA analysts are tracking an energy transition and technology-driven decoupling of the metal from traditional commodity markets and broader economic cycles. Tight copper mine supply is increasingly...

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