瑞银:铜市结构性短缺加剧 2027年铜价或升至1.55万美元

智通财经
Sep 02
【瑞银:铜市结构性短缺加剧 2027年铜价或升至1.55万美元】瑞银在最新研报中指出,全球铜市场正在进入一个供给长期受限、结构性需求持续扩张的阶段。尽管铜价已经处于高位,但新矿山项目审批不足、建设周期拉长和资本成本上升,使供应难以快速响应,而电动汽车、电网、可再生能源以及人工智能基础设施则不断创造新的铜需求。 瑞银预计,全球精炼铜短缺将从2026年的21.9万吨扩大至2027年的37.9万吨,占全球年度需求的比例由约0.8%升至1.3%。在这一背景下,该行预计铜价到2026年底升至每吨1.5万美元,并在2027年6月和9月进一步达到1.55万美元。

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