06/15/2026
The copper market is tighter than you think - Scotia
The new deck estimates that 2026-2029 forecasts go to $5.95, $6.00, $5.75 and $6.00/lb — an average bump of 10% per year. They added a maiden 2030 call of $6.50. The long-run incentive price rises to $5.00 from $4.50. And the part traders will circle: they think "market conditions are ripe for a potential near-term upside price squeeze towards $7.00/lb." Spot is currently sitting around $6.12.
🔗 via InvestingLive - https://investinglive.com/commodities/the-copper-market-is-tighter-than-you-think-scotia-20260615/
Scotiabank cranks up its copper deck and floats a run at $7