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Copper to rise on growing deficit

Prices could reach $4/lb or higher in next five years

Jacqueline Holman
The copper supply deficit could grow to an estimated 629,000t in 2020, according to Jefferies

The copper supply deficit could grow to an estimated 629,000t in 2020, according to Jefferies

Jefferies noted the price was expected to be volatile in the near-term and rise to $2.75/lb in 2018 and $3/lb in 2019 from the current $2.87/lb. The bank, however, added its forecasts were conservative...

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