Morgan Stanley Says Copper Prices Should Rise on Tight Supply
Morgan Stanley cites tightening supply, U.S.-concentrated inventories, high Chinese physical premiums and mine supply challenges.
Copper markets are showing signs of tightening supply, with inventories increasingly concentrated in the U.S., high Chinese physical premiums and mounting mine supply challenges, according to Morgan Stanley. About 80% of global visible inventories are now held in the U.S., leaving markets elsewhere…