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<Research>HSBC Research Raises 2026-28 Copper Price Forecasts by 3-7% on Sustained Strength
Copper prices skyrocketed to a new peak in early May before ebbing amid risk-off sentiment, HSBC Global Investment Research said in its report. Despite the pullback, copper prices ...
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<Research>HSBC Research Raises 2026-28 Copper Price Forecasts by 3-7% on Sustained Strength
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Copper prices skyrocketed to a new peak in early May before ebbing amid risk-off sentiment, HSBC Global Investment Research said in its report. Despite the pullback, copper prices will remain at elevated levels, backed by resilient end-user demand, ongoing supply disruptions, and new uncertainties arising from potential US trade measures.

As a result, it raised its average copper price forecast for 2026 by 6% to USD6.12 per pound, increased its 2027 forecast by 7% to USD5.81 per pound, and lifted its 2028 forecast by 3% to USD5.3 per pound, while maintaining its projections for 2029-30 and the long term unchanged.

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