ASX copper shares have broadly outperformed over the past year.
With soaring copper prices, industry heavyweight Oz Minerals Limited (ASX: OZL) has seen its share price surge 187% over the past 12 months.
But ASX copper shares could be in for some trouble. After widely rallying for much of the past year, the party may be nearing its end.
That’s according to the latest supply and demand forecast from the International Copper Study Group (ICSG).
Is the copper price a bubble?
Economics 101 dictates that when demand for an asset is strong and supply is tight, prices rise….