Copper price forecast raised to $7,500/ ton from $7,000/ ton – Citi

The Citi Research Team offered key insights on the outlook for copper, via Twitter, noting that the red metal is a long-term buying opportunity.

Key Points:

Prepare for a decade of copper on 'steroids'.

Current copper prices not high enough to spur supply.

Citi bumps its long term copper price forecast to $7,500/t (from $7,000/t).

Trade war present a long-term buying opportunity for copper.