iPath Series B Bloomberg Copper Subindex Total Return ETN [JJC] Stock Forecast

Copper rallies in early 2023: The “new oil” is back in bullish mode as stockpiles decline and Chinese demand could make a significant comeback. The dollar and interest rates have supported the nonferrous metal in early 2023.

ED&F Man's research head Kona Haque says the copper rally is running ahead of itself and investors should be patient. She's on "Bloomberg Surveillance.

Some analysts see these precious metals enjoying moderate-to-outsize gains this year, and Q.ai is here to help you get in on that.

China is rapidly reopening its economy, which is expected to lift up copper demand. On the supply side, some major producers are facing issues, exacerbated by political instability.

Copper surged past $$9,000 per metric ton for the first time since June 2022 fueled by hopes of a rebound in demand from China and weakness in U.S. dollar.

(Kitco News) - Copper could reach $10 as markets gears up for ‘commodity supercycle' - Gianni Kovacevic

(Kitco News) - Global mine copper production is expected to increase to 23 million tonnes in 2023 and then to 24 million tonnes in 2024.

(Kitco News) - Gold will always play an essential role in a portfolio as a safe-haven asset; however, investors need to pay attention to copper as it could have more potential in 2023, according to one junior mining executive.

Copper prices need to rise to incentivize the new supply the world needs to meet its decarbonization and electrification targets, according to Stifel GMP analysts. In a note to clients, analysts wrote that global copper demand is expected to grow from 25 million tons today to 50 million tons in 2035 and 53 million tons by 2050, should the world stay true to its 2050 net-zero targets.

Risks to global demand contributed to a decline in copper prices this year, but the value of the industrial metal may have fallen too far, as supplies look to remain tight for another decade or more.