The Citigroup analyst Jack Shang said at the SMM seminar held 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 considers it a good opportunity to buy when the copper price falls to around $9,500 per ton. The London Metal Exchange (LME) copper contract is currently trading at around $9,600 per ton, reaching a record high above $11,000 last month.
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Citigroup: Investors are looking to buy after a copper price correction
The Citigroup analyst Jack Shang said at the SMM seminar held 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 considers it a good opportunity to buy when the copper price falls to around $9,500 per ton. The London Metal Exchange (LME) copper contract is currently trading at around $9,600 per ton, reaching a record high above $11,000 last month.