CITIC Securities: Copper Could Test $15,000 This Year

CITIC Securities said multiple favorable factors are pushing copper prices back toward $14,000, and under a neutral assumption prices could test $15,000 later this year. The report said lower inventories and supply disruptions are likely to remain the key drivers, while most potential tariff paths still favor copper, according to Jiemian News. It added that the copper sector is still at the early stage of valuation recovery, with rising price expectations and improving market sentiment likely to continue supporting re-rating.