BNP Paribas joins banks like Goldman Sachs in warning that copper prices have exceeded fundamentals. In a report, BNP Paribas strategist David Wilson stated that copper prices “are still overvalued,” and levels above $11,000 to $11,500 per ton are “almost entirely driven by speculation.”
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BNP Paribas: Copper prices have exceeded fundamentals
BNP Paribas joins banks like Goldman Sachs in warning that copper prices have exceeded fundamentals. In a report, BNP Paribas strategist David Wilson stated that copper prices “are still overvalued,” and levels above $11,000 to $11,500 per ton are “almost entirely driven by speculation.”