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UBS Analysts See Recent Copper Dip as Buying Opportunity

by August 19, 2024
written by August 19, 2024

Analysts at UBS Global Research see the recent drop in the price of copper as an entry point for investors. Even with lower-than-expected demand for copper from Europe and China along with challenging macroeconomic conditions, the long-term fundamentals for the red metal remain strong.

Between late this year into 2025, UBS expects the market to tighten, driven by limited growth in supply and a rebound in…

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