HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts

HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts Copper is inching closer to its mid-May all-time high of $14,153 a ton on the London Metal Exchange, trading around $13,832 on Tuesday morning, as Goldman raised its year-end price targets and HSBC warned that commodities face a "super-squeeze" with the Hormuz maritime chokepoint still largely shuttered in early June. Let's begin with HSBC analysts, who wrote in a note to clients that "metal prices are gen...

By Tyler Durden