1 MONGOLIA’S SEPTEMBER MOLYBDENUM OUTPUT RECOVERS MONTH ON MONTH BUT REMAINS 13.3% LOWER YEAR ON YEAR WWW.NEWS.METAL.COM PUBLISHED:2026/11/03      2 RUSSIAN DISCOUNT RETAILER FIX PRICE EXITS MONGOLIA WWW.THEMOSCOWTIMES.COM PUBLISHED:2026/11/03      3 CHINA-MONGOLIA BORDER PORT SEES MAJOR CARGO VOLUME, VALUE RISE IN Q1-Q3 WWW.BASTILLEPOST.COM PUBLISHED:2026/11/03      4 MONGOLIA CONSIDERS PURCHASE OF CZECH L 410 NG AND L-39 SKYFOX AIRCRAFT WWW.MILITARNYI.COM PUBLISHED:2026/11/03      5 AROUND 40% OF THERMAL POWER PLANT NO. 5 CONSTRUCTION COMPLETED WWW.MONTSAME.MN PUBLISHED:2026/11/03      6 MONGOLIA, INDIA DISCUSS RARE EARTHS, OIL REFINERY, AND TECH COOPERATION WWW.MONTSAME.MN PUBLISHED:2026/11/03      7 MINISTER INTRODUCES SPECIALIZED HIGH SCHOOL MODEL AS MAJOR EDUCATION REFORM WWW.MONTSAME.MN PUBLISHED:2026/11/03      8 RIO TINTO SHARES MOVE RED ON YEAR: MINING PAUSE ADDS TO PULLBACK WWW.THEBULL.COM.AU PUBLISHED:2026/11/02      9 10TH MEETING OF THE MONGOLIA-SOUTH KOREA INTERGOVERNMENTAL JOINT COMMITTEE HELD WWW.MONTSAME.MN PUBLISHED:2026/11/02      10 NIGHTTIME ELECTRICITY TARIFF DISCOUNTS BEGIN FOR GER DISTRICT HOUSEHOLDS WWW.MONTSAME.MN PUBLISHED:2026/11/02      С.НАРАНЦОГТ: ХАНШ НЭМЭГДСЭН МЭТ МЭДЭЭЛЭЛ ӨЧИГДӨР НЭЛЭЭД ЯВЛАА. ТИЙМ ЮМ БАЙХГҮЙ, ХАНШ ТОГТВОРТОЙ БАЙГАА WWW.IKON.MN НИЙТЭЛСЭН:2026/11/03     "2026-2030 ОНД УЛААНБААТАР ХОТОД 17 МЯНГА ГАРУЙ АЙЛЫН ОРОН СУУЦЫГ ШИНЭЭР АШИГЛАЛТАД ОРУУЛНА" WWW.IKON.MN НИЙТЭЛСЭН:2026/11/03     З.МЭНДСАЙХАН: ИНФЛЯЦ ӨСӨХ ЭРСДЭЛТЭЙ Ч ЕРӨНХИЙЛӨГЧ ЗГ-Т ЧИГЛЭЛ ӨГСӨН ТУЛ ХУУЛЬД ӨӨРЧЛӨЛТ ОРУУЛЖ ТААРАХ НЬ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/11/03     У.ХҮРЭЛСҮХ: ОЮУ ТОЛГОЙН НОГДОЛ АШГИЙГ ИРГЭДИЙН ДАНСАНД ШИЛЖҮҮЛ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/11/03     УЛААНБААТАР ХОТЫН ХАМГИЙН ТОМ УСАН ХАНГАМЖИЙН ЭХ ҮҮСВЭРИЙГ ТӨВИЙН СҮЛЖЭЭНД ХОЛБОЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/11/03     "ШАТАХУУНЫ НИЙЛҮҮЛЭЛТ ТАСАЛДАХГҮЙ УЧРААС ИРГЭД ДАРААЛАЛ ҮҮСГЭХ ШААРДЛАГАГҮЙ" WWW.NEWS.MN НИЙТЭЛСЭН:2026/11/03     "САНХҮҮГИЙН ХҮНДРЭЛД ОРСОН ЗЭЭЛДЭГЧИЙН ХЭРЭГЛЭЭНИЙ ЗЭЭЛИЙГ 48 ХҮРТЭЛХ САРААР СУНГАНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/11/03     НЭГ БАЙРЫГ 65 ХҮНД ХУДАЛДСАН ЗАЛИЛАНГИЙН ХЭРЭГ БҮРТГЭГДЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/11/02     КАЗАХСТАН УЛСЫН ХИЛ ДЭЭР УРТ ДАРААЛАЛ ҮҮССЭНИЙ УЛМААС ОРОСЫН ТЭЭВЭРЛЭГЧИД МОНГОЛООР ДАЙРСАН ЗАМЫГ СОНГОХ БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2026/11/02     УЛААНБААТАРЫН АГААРЫН БОХИРДЛЫГ ₮14.9 ИХ НАЯДЫН САНХҮҮЖИЛТЭЭР ТАВАН ЖИЛИЙН ДОТОР 55% БУУРУУЛАХ ТӨЛӨВЛӨГӨӨГ ТАНИЛЦУУЛАВ WWW.IKON.MN НИЙТЭЛСЭН:2026/11/02    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Copper prices may see ‘supercharged recovery’ in 2020 www.rt.com

The price of copper, which has surged lately, is likely to stabilize in the coming quarters, industry experts say. The red metal is often seen as a bellwether for the general state of the global economy.
Three-month copper futures on the London Metal Exchange (LME) hit the $6,000-a-ton mark by the end of June, rebounding from its low of around $4,626.50 at the height of Covid-19 fears in March. On Monday, three-month copper on the LME rose 1.2 percent to trade at around $6,088 a ton.

According to Jonathan Barnes, senior copper analyst at Roskill, copper prices will be influenced by continued pressure on supply in the coming quarters. “So, what we might actually see is a supercharged recovery in the copper price this year, but actually next year we could see the prices more or less stabilize because this unique impact of Covid-19 and the dislocation to the scrap market suddenly is absent,” he told CNBC.

Experts at Citi say the metal could be overvalued going into the third quarter. “The copper rally over the past month, from $5,700 a ton to over $6,000 a ton, has occurred against a backdrop of flat-to-falling equity prices and bond yields, leaving copper looking overvalued by $220 to $420 per ton based on these historical relationships,” said the bank’s analysts.

“Overall, we stick with our very near-term point price target of $5,750 a ton (versus spot of $6,050 a ton) though we see a window for a pullback as the two to four weeks, and ultimately we recommend buying on dips,” they said.

They were echoed by Saxo Bank analysts, with the head of its commodity strategy Ole Hansen saying: “Copper’s recent recovery to pre-pandemic levels will challenge the metal’s ability to reach higher ground in the third quarter.”

The strategist explained that “a recovery in Chinese demand, combined with supply disruptions at mines in South America, were the triggers that finally forced speculators back into long positions following the break above $2.50/lb. The risk of a second wave – especially in the US and China, the world’s two biggest consumers – may force a rethink and we see no further upside during the coming quarter.”

Demand for the metal is projected to be stronger in the second half of the year, as economies and industries restart across the globe.

“We have a positive outlook and expect quite solid demand growth over the next few years,” Eleni Joannides, principal analyst in Wood Mackenzie’s copper team, told CNBC. “But while the picture is looking positive for demand, it’s looking even stronger on the supply side. So, when we look at the balance between supply and demand, we’re still looking at a surplus market for the next couple of years, and that will put some downward pressure on prices.”



Published Date:2020-07-07