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Citi: Copper Prices May Fall to USD12,000-12,500/ Ton if US Copper Tariff Guidance Remains Unclear on Jan 1, 2027
2026-11-11 11:52:12
Citi recently met with analysts from Shanghai Metals Market (SMM), a non-ferrous metals information platform.

Discussions found that, unlike the declines in copper prices in Mar and Sep 2026 when downstream players actively replenished inventories because of strong orders, downstream buyers have shown weaker willingness to increase purchases during the recent copper price decline amid softer demand.

SMM believed that if the US does not provide clear guidance on copper tariffs by Jan 1, 2027, copper prices may fall to USD12,000-12,500 per ton.
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AASTOCKS Financial News
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