Market Chatter: Copper Benefiting From Long-Term Structural Demand Drivers, UBS Says, AFR Reports

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Copper is benefiting from long-term structural demand drivers, including demand for electric vehicles, electric grid build-out, data center expansion, and constrained new supply, and UBS lifted its price forecasts for 2026, 2027, and 2028 by 13%, 4%, and 3%, respectively, the Australian Financial Review reported on Friday.

UBS lifted its long-term copper price assumption to $5.50 per pound, in real terms, with higher prices required to incentivize new supply. Analyst Levi Spry said industry conditions are worsening on the supply side.

It upgraded Evolution Mining (ASX:EVN) to a buy recommendation and Sandfire Resources (ASX:SFR) to a neutral recommendation.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Analyst Levi Spry said industry conditions are worsening on the supply side.</p><p>It upgraded <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> (ASX:EVN) to a buy recommendation and Sandfire Resources (ASX:SFR)  to a neutral recommendation.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2637362295","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637362295","pubTimestamp":1779420922,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Analyst Levi Spry said industry conditions are worsening on the supply side.It upgraded Evolution Mining (ASX:EVN) to a buy recommendation and Sandfire Resources (ASX:SFR)  to a neutral recommendation.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}