• Copper prices could rise to $20,000 a ton within three years if inventories dry up, Bank of America says

    10 days ago - By Business Insider

    A worker inspects batches of processed copper at Mutanda Mining Sarl, Democratic Republic of the Congo
    Per-Anders Pettersson/Getty Images Europe
    If copper inventories run out, the metal could exceed $20,000 a ton by 2024, Bank of America said.
    Copper prices have surged recently and topped $10,000 for the first time in a decade last week.
    Commodities prices have been accelerating, leading to debate about a new 'supercycle'.
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    Copper prices could rise above $20,000 a ton by 2024 if stocks deplete, Bank of America said...
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