TSXV:OM - Post Discussion
Post by
Goldenwar on Mar 22, 2023 11:30am
Cupper price
Trafigura sees fresh copper price records within a year
Copper warehouse. (Stock image)
The co-head of metals and minerals at the world’s biggest copper trader said on Monday the copper price could hit a new record high within the next 12 months owing to very tight stocks, even above $12,000 a tonne.
“I would highlight copper as the most critical metal globally given the shortage in the market. We only had 3.5 days of copper stock equivalent at the end of last year,” Trafigura’s Kostas Bintas told the FT Commodities Global Summit.
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