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Kitco NEWS InterviewsWhat is copper’s long-term price target? Gianni KovacevicChina is going through its third batch of strategic reserves selling, commencing on September 1. This sale will include 150,000 tons of metal, including 70,000 tons of aluminum, 50,000 tons of zinc, and 30,000 tons of copper.
Due to this selling, copper has fallen from its highs in May.
Gianni Kovacevic, CEO of CopperBank discussed with David Lin, anchor of Kitco News, China’s goals and what the downside target of copper may be, as well as the long-term upside potential.2021-09-0721 minKitco NEWS InterviewsIs copper about to surge like in the 2000s?The last time copper and base metals sustained a multi-year bull rally was in the early 2000s during a period of rapid Chinese industrialization.
China is still the world's top consumer of copper and base metals, and the country is about to experience a boom similar to what they had in the early 2000s, only with the "electrification" movement, said Gianni Kovacevic, CEO of CopperBank.2021-03-2319 minKitco NEWS InterviewsThere is no industrial ‘cabal’ to suppress silver and copper price – Gianni KovacevicThere are roughly 2 ounces of silver and more than 100 kg of copper in an electric vehicle like Tesla, said Gianni Kovacevic, CEO of CopperBank.
Kovacevic said that it is unlikely automobile manufacturers have been trying to suppress the prices of silver and copper.
“As for electric vehicle manufacturers having some sort of a cabal to suppress the price of silver, I don’t buy into that. It’s a commodity, it does have some monetary features, which is unique to itself, but there’s going to be a lot of demand for silver,” he said, adding that silver is going to be more...2021-02-1525 minKitco NEWS InterviewsIs copper the real winner of 2021? Gianni Kovacevic gives price forecastThe "future" is already happening now, and copper stands to benefit the most from the electrification of our economy, said Gianni Kovacevic, CEO of CopperBank.2020-12-3123 min