Copper’s outlook buoyant as demand increases

Fitch Solutions Country Risk and Industry Research has adjusted its 2020 copper price forecast upwards from $5 900/t predicted in March to $6 000/t as demand is supported by the Chinese government’s stimulus and recovery in global economic activity. In its outlook for copper prices update, the average price forecast for 2021 has also been raised to $6 300/t from $6 100/t.

Source: Mining weekly