copper price

Commerzbank Projects New All-time Highs for Copper Price

The Senior Technical Analyst at Commerzbank covering the FICC desk, Axel Rudolph, has provided insight into the future copper price action in the short term. According to the analysis, copper price could inch higher, targeting $12303.50 per ton (i.e., $5.58 per pound). Commerzbank noted the current all-time high at $10,747.50/ton […]

Copper Price

Copper Price Outlook After Reaching its 10-Year High

Copper price is on a consolidation pattern after reaching a 10-year high in Thursday’s session. Since mid-March 2020, the red metal has been on an uptrend amid the ongoing push for decarbonization. Over the past 13 months, it has surged by about 124%. China, the US, and Europe are among […]

Rio Tinto Share Forecast: More Upside to 6,500p Possible

The Rio Tinto share price declined slightly after the company released its first quarter production results that were mostly in line with what analysts were expecting. The firm also left its guidance unchanged but warned that there was a possibility that iron ore demand will be weak. The RIO share […]