Will Scrap Copper Prices Go Up In 2024. An analysis titled “copper is the new oil,” goldman sachs predicts copper will approach $51,000 per metric ton by 2025. The price of #1 copper bare bright went higher by $ 0.03 per lb.
The prices of #1 insulated copper wire 85% recovery held steady over the day. A reuters poll of 28 analysts shows a 2024 forecast of us$8,625 for the london metal exchange cash copper contract.
Rising Demand Driven By The Green Energy Transition And A Likely Decline In The U.s.
What was the highest price for copper and why did the red metal hit that point?
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The lme copper stocks saw reduction over the previous.
Over The Past Year, Copper Has Poked Its Head Over The $4 Level In Seven Months And Was Below It For Five Months.
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The Recent Action In The Currency And Debt Markets Could Mean Copper Is Heading Back Above The $4 Per Pound Level In 2024.
