NextFin News -- ANZ Group has stated that copper prices are expected to rise to record levels early next year, driven by concerns over U.S. tariffs, supply challenges in mining, and robust global demand.
Analysts Sony Kumar and Daniel Hynes noted in their report that market speculation about the Trump administration potentially imposing tariffs, along with a significant influx of copper into the U.S., may push up the industrial metal. While copper supply from South America faces pressure, investments in electric vehicles and renewable energy infrastructure will also boost copper consumption.
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