Citigroup: Investors are looking to buy after the copper price correction

Citigroup analyst Jack Shang said at the SMM seminar in Hong Kong that even after the copper price correction, investors still hope to go long on copper from the perspective of commodities and stocks. Citigroup suggests going long on copper and sees it as a good buying opportunity when the copper price falls to around $9,500 per ton. The London Metal Exchange (LME) copper contract is currently trading around $9,600 per ton, having reached a record high above $11,000 last month.