OTCPK:KATFF - Post by User
Post by
Sogosohubidu201on Feb 14, 2019 12:36pm
146 Views
Post# 29364730
Morgan Stanley's bullish copper outlook
Morgan Stanley's bullish copper outlookhttps://seekingalpha.com/news/3432698-freeport-mcmoran-plus-5-percent-morgan-stanleys-bullish-copper-outlook
The firm foresees a 2.4% drop in global mine supply this year, “which means global demand would need to be flat to keep the copper market in balance this year,” so anything above 0% could tip the market into a deficit.
At the same time, China demand is expected to pick up, which could drive copper to a price of $3.12/lb. by year-end 2019, a 14% gain from spot prices and a sharp contrast to other base and precious metals, Stanley says.