Analysts see short-term strength, long-term 'generational shift' in copper prices
Publishing timestamp: 2023-02-13 01:51:42
Summary
Copper is set to experience a surge in demand due to the decarbonization trend, and is seen as a leading barometer of global economic health. Short-term supply issues have emerged, but copper prices are expected to remain high due to the long-term demand. Copper mining stocks have seen a rise in valuations due to the scarcity value, and Morgan Stanley believes there is only a small upside in the near term.
Sentiment: POSITIVE
Tickers: BK,
Keywords: investment strategy, economy, commodity markets, business news, markets, energy, bank of new york mellon corp, world economy,