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Copper price steady as pressure on stocks ease

March 16, 2021by Ruth Smart

The price of copper is holding at GBP 6.57 as stocks recover to 92 kT, still far to low for comfort but a sign that demand is exceeding supply for the moment.

I expect the price of copper to remain elevated until stock levels recover to 200 kT but that depends on the speculators and the macro economics of the global pandemic / vaccine roll out.