Earlier in January, copper was trading at the highest price recorded in nearly eight years. The price of the metal increased in February with forecasts showing that this trend will continue in March. However, investors wager that as the world slowly recovers from the effects of the coronavirus pandemic, the supply tightness of copper will grow.
Senior StoneX metals analyst Natalie Scott-Gray predicts that this year the demand for copper will increase by roughly 5%, which will overtake the metal’s supply, which shortage…
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