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Copper Prices Set for Structural Bull Run: Bank of America Raises Forecasts
ByAinvest
Tuesday, Sep 30, 2025 10:37 am ET1min read
Bank of America has upgraded its copper price forecasts, expecting the metal to average $11,313 per ton in 2026 and $13,501 in 2027, citing a global supply squeeze due to mine disruptions, depleted stockpiles, and resilient demand. The bank warns that the market is primed for new records and that copper has entered a structural bull phase, supported by long-term electrification trends and chronic underinvestment in new mines.
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