Major banks like J.P. Morgan and Goldman Sachs project a refined copper deficit of 330,000 to 490,000 tonnes this year due to mine disruptions (e.g., Grasberg and Kamoa-Kakula).
Anticipation of high U.S. tariffs (rumored up to 50%) has led to massive strategic stockpiling, tightening available inventories on major exchanges. 3. The Case for Selling (Bears) copper buy or sell today
Structural demand from AI data centers, power grid upgrades, and renewable energy is estimated to drive 60% of copper's growth in 2026. Major banks like J
Below is a guide to the current market dynamics to help you decide whether to buy or sell. 1. Market Overview: Today's Snapshot 000 to 490