• Copper prices could rise to $20,000 a ton within three years if inventories dry up, Bank of America says

    9 days ago - By Business Insider

    Summary List Placement Copper prices could rise above $20,000 a ton by 2024 if stocks deplete, Bank of America said in a research note on Friday.
    Stock levels now are comparable to those seen 15 years ago and cover less than a month's demand for copper, the note said.
    "Of course, this fundamental backdrop is so concerning because the global economy is just now starting to open up and reflate. Linked to that, we forecast copper market deficits, and further inventory declines, this year and next", Bank of America researchers wrote.
    Copper demand is rising as the metal is a key element in...
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  • CoreLogic: House Prices up 11.3% Year-over-year in March

    CoreLogic: House Prices up 11.3% Year-over-year in March

    9 days ago - By Calculated Risk

    Notes: This CoreLogic House Price Index report is for March. The recent Case-Shiller index release was for February. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted .
    From CoreLogic: Millennials Propel Home Buying: Strong Demand and Short Supply Push US Home Prices Higher in March, CoreLogic Reports
    CoreLogic®... today released the CoreLogic Home Price Index and HPI Forecast™ for March 2021.
    As consumer confidence rebounds and the job market picks back up, the 2021 spring homebuying season is on track to outpace trends seen in 2019 and 2018. Millennials...
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