[%EIYr%] “….While global inventories are sufficient for now, Morgan Stanley analysts are forecasting that the global copper market will face its most severe deficit in more than 20 years. The bank expects demand to exceed supply by about 600,000 tons next year, and sees the shortfalls worsening from there. Citigroup has advised clients that copper could hit $15,000 in a bull-case scenario where a weakening dollar and US interest-rate cuts further boost the metal’s appeal, prompting investors to more aggressively pile in.” (BBG)

$AMMN “….While global inventories are sufficient for now, Morgan Stanley analysts are forecasting that the global copper market will face its most severe deficit in more than 20 years. The bank expects demand to exceed supply by about 600,000 tons next year, and sees the shortfalls worsening from there. Citigroup has advised clients that copper could hit $15,000 in a bull-case scenario where a weakening dollar and US interest-rate cuts further boost the metal’s appeal, prompting investors to more aggressively pile in.” (BBG)