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Stability Foreseen for Copper Prices in Q3 and Q4

M. Ali 6 July, 2020 9:55 pm Commodities, Market Update

Market experts are expecting copper prices to stabilize during the second half (H2) of 2020, despite the surge it saw in the second quarter (Q2) of the year, CNBC reports.

The three-month copper futures are trading, on the London Metal Exchange (LME), above $6,000 per ton since the end of June, up from $5,700 at the beginning of last month, and after reaching as low as $4,626 in March due to the COVID-19 pandemic.

According to Reuters, the red metal futures were trading earlier today at $6,088 a ton.

Some investment banks have maintained a near-term point price target of $5,750 a ton.

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