Will copper prices go up in 2021? Copper Prices has witnessed phenomenal price appreciation since March 2020 when the pandemic surged, resulting in worldwide lockdowns. The metal has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields.
Copper MCX Tips Today : All Target Price Hit. MCX Copper yesterday settled down by 0.7% at 698.05 as the positive data boosted the US index to return to above 91. Top consumer China posted weaker-than-expected factory growth in February after brief COVID-19-related disruptions earlier in the year.
Copper Technical Analysis May Point to Short-Term Correction : Copper has been the stand out commodity (metals) in terms of price action these past few weeks with multi-year highs being breached.
Traders are taking bets [buying calls] on the London Metal Exchange (LME) that copper prices will hit $12,000 per tonne by December.
Copper Forecast : Copper Picks up Momentum : Copper (LME) is picking up momentum and the long-term outlook stays clearly bullish. Analyst team targets the $8895 neighborhood.