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Market move▼ Bearish for Indian equities
Copper prices may surge another 50%, predicts Deutsche Bank; supply to users could exhaust by 2028
The brief
- Deutsche Bank sees copper prices potentially rising another 50%
- Historically low inventories, US stockpiling and constrained mine supply are intensifying competition for spot metal
- Higher copper prices could raise input costs for Indian manufacturers, infrastructure firms and power companies
- India and Australia pursue CECA and investment treaty talks, including critical minerals
- China's rare earths dominance to overshadow Trump's talks with Xi