Citigroup is bullish on the metal copper, and expects it to reach $13,000 in the second quarter.

Citigroup expressed optimism on copper prices, and expects the price to reach $13,000 per ton by the second quarter of next year. This is due to strong economic growth expectations, spot shortages, and stockpiling by the United States before import tariffs take effect. Analysts at Citigroup, including Max Layton, stated in their report, "We recommend investors/consumers to maintain and increase exposure to copper as much as possible." Citigroup's base expectation is an average copper price of $13,000 in the second quarter, followed by a decline; the optimistic expectation is an average copper price of $15,000 from the second quarter to the fourth quarter. Due to demand brought by artificial intelligence and energy transformation, as well as limited supply, the bank also has a positive outlook on aluminum and tin.