JP Morgan Predicts Copper Deficit
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global refined copper marketReuters
•Business
Business & Economics
JP Morgan sees copper prices at $11,000/mt in 2026, 10% tariffs by late 3Q25

82% Informative
JP Morgan expects global deficit in refined copper to grow to 160,000 metric tons in 2026 .
Bank also forecast China 's demand growth would slow from 4% last year to 2.5% this year .
London copper rose on Monday , supported by a weaker dollar and improving manufacturing activity in top metals consumer China .
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