$3.50/lb copper is possible before 2024 ends, warns Scott Pollan

Increased supply and poor economic conditions over the short term could hurt copper, said Scott Pollan, president of Emergency Material Services. On Thursday Pollan spoke to Kitco Mining. Pollan predicts a near-term decline, potentially reaching below $3.50 by the end of the year, and a possible revisit of 2022 lows in early 2025. He attributed the decline to weakening demand and increasing supply. However, Pollen remains bullish on copper long-term, citing the millennial consum...