BASE METALS

Copper calm dependent on grade and cost control

Compared with various industry predictions of extreme volatility around copper demand, prices and even supply over the next decade or so, a new piece of analysis by one of the big global investment banks paints a fairly staid picture up to 2030. However, the bank’s breakdown of long-term supply patterns must be highly encouraging for copper bulls, and maybe those expecting a wilder ride, on several fronts.