Citi predicts ex-US copper prices to fall to $8,500/mt in Q2 2025
ReutersMar 6, 2025 5:34 AM
March 6 (Reuters) - Citi expects ex-U.S. copper pricing to fall to $8,500 per metric ton (mt) in the second quarter of this year as investors unwind copper positions due to tariff headwinds, it said in a note on Thursday.
"Given time, we think a copper-specific tariff of 25% can reduce U.S. refined copper import reliance through build-out of domestic refining capacity (likely mainly secondary) to process raw copper units currently exported," the bank said.
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