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Copper extends record-breaking run as Citi joins bullish chorus

Financial Express Kochi

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December 06, 2025

METAL MAY STAY ‘VOLATILE’

- BLOOMBERG

COPPER ROSE TO a record, given fresh impetus by a bullish price outlook from Citigroup as traders anticipate a shortage caused by stockpiling in the US.

The industrial metal rose as much as 2.2% to $11,705 a ton, surpassing a previous high set earlier this week. Copper will average $13,000 in the second quarter as inventories build in the US, creating a deficit elsewhere, according to the base scenario presented by Citi analysts in a note on Friday.

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