FXStreet reports that strategists at OCBC Bank see copper testing a high of $8,800/mt at the end of the next year. 

“Copper demand may have yet to peak vis-à-vis steel, while supply also remains a big concern, given the concentration of production in South American economies.” 

“It remains a question mark if the under-investment in copper mine CAPEX could impede mining output beyond 2021.” 

“We think copper may peak at $8,800/mt by end 2021.”