Forecast: Copper prices may rise

12:44 - 25.01.2021


January 25, Fineko/abc.az. One of the reputable companies, Maike Metals International, predicts that copper prices are likely to rise in the near future.

ABC.AZ reports company's analysts believe that a number of factors will affect the rise in the value of copper. Thus, the cost of copper may rise due to global incentives and the weak influence of the dollar.

Economists suggest that the price of a ton of copper can rise up to $8,800.

This month copper prices in London grew up to $8,000 and reached the highest level for the last 8 years.

 

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