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Posted by
Two Blokes Apr 16 -
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Stock
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The American bank has raised its near-term copper price target, saying the metal's downside risk has eased, though it still expects a fall as US tariffs bite and demand weakens. Citi has moderated its bearish stance on copper, lifting its three-month price forecast to $8,800/t from $8,000, but said it still expects prices to drift lower over the next two quarters as consumption slows.
