Koppar pris 2017
Copper prices have been trending upward since January, and have surged more than 22 percent since the beginning of the year. Prices have jumped more than 7 percent so far in August and are on track to gain for a third consecutive month. But many experts are warning that a price correction could be just around the corner, as this sharp increase seems to be moving away from fundamentals.
Historik över kopparprisets utveckling
Click here to read more. Supply concerns are one of the main factors driving the recent copper price rally.
Earlier in the year, two major copper mines stopped production for several weeks. More recently, declining inventory levels in global warehouses have increased worries about supply. According to Reuters, Shanghai Futures Exchange warehouse inventory has dropped by more than 8 percent over the past week to reach , tonnes. Meanwhile, LME warehouse on-warrant inventories not earmarked for removal have halved to , tonnes over the past six weeks.
Pris på koppar
Despite positive data reports, many analysts were calling for weaker demand from top consumer China as the first half of the year came to an end. But copper demand from the Asian country seems to remain stronger than many predicted earlier in the year. In fact, EV sales are forecast to reach As a result, many investors are optimistic about copper in the long term. Indeed, a recent study prepared for the International Copper Association by IDTechEx predicts that copper demand for electric cars and buses will jump from , tonnes in to 1.
Before the year ends, there are many factors investors should be watching out for to better understand where copper prices might go. As mentioned above, Chinese demand and warehouse inventories are two key price drivers, but secondary production from scrap could also impact the market. Looking forward to the last months of the year, Benjamin expects the copper price to come off to some extent from the current high levels.
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice.
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Dagens kopparpris i USD per Ton och Kilo
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