UBS forecasts widening copper supply deficit and rising prices in 2027
UBS UBS Group AG
$48.13 +2.27%
View chart & analysis → - 1UBS projects the global copper market supply deficit will reach 379,000 metric tons in 2027.
- 2UBS sets a copper price target of $15,500 per metric ton for 2027.
- 3UBS recommends maintaining long positions on copper.
So what's the key point?
A global copper shortage is expected in 2027. Consequently, UBS predicts copper prices will rise to $15,500 and suggests continuing to buy copper.
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