Copper rallied sharply last week on hopes that an end to the Iran War would see the global economy get back to full speed sooner rather than later. Some of the US heavyweight names like Freeport-McMoRan (NYSE:FCX) even punched to new highs on Friday leading the industrial metal – unfortunately local names aren’t going to open with the same bang this morning after the geopolitical reversal on Saturday morning.
- We remain bullish towards copper over the coming years as global electrification and AI demands increase.
MM remains bullish towards copper ~$US13,300/MT
Add To Hit List
