Copper's Rout Sees A Massive Intraday Price Swing, 'Fundamentals Haven't Changed,' Expert Says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2025
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Source: Benzinga
Copper Market Volatility: Copper prices experienced significant fluctuations, dropping 7.7% before rebounding nearly $1,000 within hours, driven by recession fears and geopolitical tensions affecting demand.
Investment and Future Outlook: Codelco plans to invest $5.6 billion to enhance production, while industry leaders express concerns over tariffs impacting long-term demand despite short-term profit opportunities.
Analyst Views on COPX
Wall Street analysts forecast COPX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COPX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 83.970
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Current: 83.970
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
