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Analysts see short-term strength, long-term 'generational shift' in copper prices - TL;DR CNBC

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 strategyeconomycommodity marketsbusiness newsmarketsenergybank of new york mellon corpworld economy

Source: https://www.cnbc.com/2023/02/13/analysts-see-short-term-strength-long-term-generational-shift-in-copper-prices.html


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