Copper: supply risks grow despite strong US imports, says Commerzbank
FROM THE WIRE · FXSTREET.COM
Commerzbank’s commodity team highlights disappointing Chilean Copper output, leaving third‑quarter production at a two‑decade low. Cochilco now forecasts an 8.4% slump in 2026 output and only a modest 3% recovery in 2027. Strong US import demand offers support, but Copper prices…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishChilean output at a two-decade low supports a tighter copper supply outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Chilean copper output in Q3 fell to a two-decade low.
- 02Cochilco forecasts an 8.4% output slump in 2026 and a modest 3% recovery in 2027.
- 03Copper has fallen below $14,000 per ton amid broader risk aversion and tech-stock selling.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets