copper prices might rise in 2023?
“2023 undeniably looks like a strong year for concentrate growth. Moreover, it comes at a time of limited Chinese smelter capacity addition, This raises the spectre of a smelter bottleneck for the first time in over a decade, where smelter utilisation is maxed out, forcing excess concentrate to be stockpiled or forced offline via economics”
Colin Hamilton, a managing director at BMO Capital Markets.