Copper is currently continuing its strong rally. Further price increases are now also expected from $C (+1,03 %) expected. Citi expects a structural deficit resulting from strong demand from the USA & Europe, but also from limited supply expansion over the coming years. $UBSG (+4,71 %) & $JPM (-0,38 %) even expect 12-13k tons for the 2nd quarter of 2026. An increase in copper can have an inflationary effect due to the high import costs, while the direct economic benefit for the domestic industry is low. $965275 (+0 %) would be burdened in the medium term under these circumstances, as the US economy benefits more from the positive effects, while Europe suffers more from the negative effects.
