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Bank of America Merrill Lynch raised its average copper price estimate for 2018

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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Bank of America Merrill Lynch raised its 2018 copper average price estimate by 11% to $
7,275 per tonne.

Average copper price

Bank of America Merrill Lynch said that global copper demand is expected to grow year-on-year to 2.
1%
in 2018 from 2.
7% in the previous year.

Supply risks remain, and an annual growth rate of 2.
9% in global supply would not be enough to avoid a shortfall
of 213,000 tonnes, the bank said.

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