Bullish
UBS forecasts 520,000-ton copper deficit in 2026, supporting long positions.
UBS maintains a positive outlook on copper, anticipating a 520,000-ton market deficit in 2026, which supports long positions. The firm also highlights ongoing uncertainties surrounding U.S. tariffs on copper imports, which continue to influence market dynamics.
Key points
- UBS projects a 520,000-ton copper market deficit in 2026, bolstering long positions.
- Ongoing U.S. tariff uncertainties on copper imports continue to influence market dynamics.
Sources
AI-generated from public news sources. Not financial advice.
