Copper prices hit new highs as global mine supply outlook weakens: Morgan Stanley lowers production growth forecast, with output poised for its first annual decline since 2017 - news.futunn.com
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Copper prices hit new highs as global mine supply outlook weakens: Morgan Stanley lowers production growth forecast, with output poised for its first annual decline since 2017 news.futunn.com
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4 itemsMorgan Stanley warns of copper scarcity: Why US stockpiling threatens global supply - The Financial Express
Global Commodities: Supply disruptions give copper prices breakout velocity
The desk highlights a bullish outlook on copper prices, driven by an unexpected supply disruption at Freeport's Grasberg mine in Indonesia which is set to tighten the copper market significantly. Per the full note from J.P. Morgan Global Research, this disruption has led to a recalibration of their supply and demand balance, projecting deficits not just for this year but extending into 2026. This development aligns with the desk's broader assessment of commodities under strain and suggests a potential price target nearing $11,250/mt as fundamentals become more constrained, indicating robust future performance. Moving forward, traders should remain vigilant given current dynamics and assess positioning in related commodities.
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