Group 1 - The core viewpoint of the article is that Citigroup has raised its short-term copper price targets due to recent price increases, now forecasting $14,000 per ton for the next 0-3 months, up from the previous target of $12,000 per ton [1] - Citigroup maintains its baseline scenario for copper prices, predicting an average of $13,000 per ton in the second to fourth quarters of 2026 [1] - Factors contributing to the bullish outlook include market momentum, increased positioning, and a comprehensive bullish narrative involving U.S. arbitrage/tariff dynamics, demand and growth expectations, supply constraints, and currency devaluation risks [1] Group 2 - Despite the bullish outlook, Citigroup's confidence in price increases has significantly weakened compared to December of the previous year [1] - January is anticipated to be the peak price month for 2026 unless new catalysts emerge to support a bullish scenario of $15,000 per ton [1] - The expectation is that prices will eventually revert to a more sustainable level of around $13,000 per ton [1]
花旗：铜价突破每吨13000美元目标，短期维持看好
Ge Long Hui A P P·2026-01-07 05:08