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Glencore upgraded as JP Morgan forecasts over 30% copper growth
Source: proactiveinvestors.com
Analyst InsightsCommodities & Raw MaterialsCompany Fundamentals
JPMorgan upgraded Glencore to overweight and set a £7.30-per-share price target, citing expected copper growth and geopolitical hedging. The broker forecasts copper production will rise more than 30% from 2026 to 2031, reaching about 1.1 million tonnes.
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