Copper Demand to Outstrip Supply: BloombergNEF
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مدعوم بالذكاء الاصطناعيCopper demand is expected to surge to 50 million tonnes in the next 25 years, outpacing supply, and driving copper prices to a new record high, fueled by Chinese stimulus measures and US stockpiling.
Market impact analysis based on bullish sentiment with 77% confidence.
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Kwasi Ampofo, analyst at BloombergNEF, says demand for copper is going to rise to about 50 million tonnes from 30 million tonnes in the next 25 years, and that miners will struggle to supply the market. Copper prices climbed to a new record Monday, spurred by Chinese stimulus measures and US stockpiling amid tight global supply. Ampofo speaks on Bloomberg Television.
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