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27 Feb
13:10

Copper price heads to $10,000/t on market tailwinds: ANZ

Copper prices are expected to average at $9,000/tonne in the short term and rise above $10,000/t over the next 12 months, according to analysts at ANZ Research, as the market is set to return to a deficit in 2024. The metal’s fundamentals continue to beat expectations amid an increased focus on electrification and decarbonisation, despite concerns over demand due to tighter monetary policies and weaker economic growth globally. The ANZ analysts expect the in…
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