Citigroup cut its 0–3 month copper price forecast to $13,300/t from $14,500/t and said it expects a supply surplus in 2027–28. The bank had previously been neutral on copper, forecasting $14,000–15,000/t short term and projecting stronger supply growth in 2027.

2026-11-07

Citigroup cut its 0–3 month copper price forecast to $13,300/t from $14,500/t and said it expects a supply surplus in 2027–28. The bank had previously been neutral on copper, forecasting $14,000–15,000/t short term and projecting stronger supply growth in 2027.