ETFs to Consider as Copper Prices Reach 2-Month High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2024
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Source: NASDAQ.COM
Copper Price Trends: Copper prices have been rising due to increased investor demand and optimism following a recent interest rate cut by the Fed, reaching $9,477 per ton, with expectations of further rate cuts supporting this trend.
Future Demand Forecasts: Analysts predict a significant increase in global copper demand driven by energy transition projects and technological growth, with BHP forecasting a 72% rise by 2050, while Bank of America anticipates prices exceeding $10,000 per ton by 2025.
Analyst Views on COPJ
Wall Street analysts forecast COPJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COPJ 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: 46.020
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Current: 46.020
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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.
