UBS anticipates copper rates to climb right into following year, pointing out tightening up supply from relentless mine disturbances and solid long-lasting need from electrification and clean-energy financial investment, the financial institution stated in a note on Friday. In its upgraded estimates, UBS elevated its March 2026 cost anticipated by $750 per statistics heap to $11 500, boosted its June and September 2026 targets by $1 000 a load to $12 000 and $12 500, specifically, and presented a brand-new December 2026 target of $13 000 per heap.
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