Citi has slashed its copper forecasts amid concerns that sweeping tariffs under US President-elect Donald Trump and disappointing stimulus in China will derail a recovery in global manufacturing.
The broker cut its short-term price target to $US8500 a tonne, from $US9500 a tonne previously. Copper prices on the London Metal Exchange fell below $US9000 a tonne on Thursday for the first time in two months.
