Citi expects copper prices to rise to $14,000 in the next three months
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Citi said on Tuesday that it is bullish on copper prices in the short term, expecting copper prices to rise to $14,000 per ton in the next three months. Citi pointed out that the downside risk for copper prices in the short term is limited due to strong buying on dips in both physical and financial markets, as well as seasonal inventory consumption in China over the coming months. The benchmark three-month copper price hit its highest level since February 12 on Tuesday. Citi maintains its forecast for the average copper price in 2026 at $13,000 per ton, believing that this price is sufficient to keep the global copper market basically balanced this year. Citi also stated that a US-Iran nuclear agreement or a short-term easing of tensions could boost risk-sensitive assets such as copper, and noted that the impact of COMEX-LME arbitrage dynamics on prices has weakened.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
RootData: BIO will unlock tokens worth about $1 million in one week
Chaincatcher•2026/09/26 09:03

Grayscale Files Zcash ETF That Pays Every 2 Weeks: What's the Catch?
BeInCrypto•2026/09/26 08:18
FET Bulls Eye $9 As Weekly Chart Flashes a Familiar Setup
DailyCoin•2026/09/26 07:57
Dom Kwok to XRP Holders: Next Bull Market Will Be the Biggest We’ve Ever Seen
TimesTabloid•2026/09/26 07:00
Crypto prices
MoreBitcoin
BTC
$84,019.18
-0.67%
Ethereum
ETH
$2,683.49
-0.44%
Tether USDt
USDT
$0.9997
-0.01%
BNB
BNB
$772.59
-0.42%
XRP
XRP
$1.54
-0.56%
USDC
USDC
$1.0000
+0.02%
Solana
SOL
$120.01
+2.17%
TRON
TRX
$0.3369
-0.17%
Zcash
ZEC
$1,523.17
-3.77%
Hyperliquid
HYPE
$91.52
-2.16%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now