2026-01-07 04:26:03

The recent rally in non-ferrous metals has started to slow down according to international investment banks. A new report from Citibank's research department suggests a mixed outlook—while they remain bullish on copper prices reaching $14,000 per ton, they also indicate that risk signals have changed, and January could very well be the annual high for 2026.

Their logic is quite straightforward: once copper prices break through $13,000, it will stimulate an increase in global scrap copper recycling, which in turn will alter supply expectations. Of course, this is contingent on the US dollar not continuing to depreciate.

Honestly, regardless of how accurate this warning is, given the current heat in the non-ferrous metals sector, it’s definitely time to cool off. Since June, the market has been running for a full 7 months, with the non-ferrous metals sector doubling in value. Under these circumstances, profit-taking pressure is inevitable. From this perspective, Citibank’s warning isn’t unreasonable.

But from my trading approach, that’s another story. As long as the upward trend in non-ferrous metals hasn’t truly reversed, you should keep holding. The formation and end of a trend often involve a transition period, especially in the final stage of a rally, when the momentum is usually the strongest. Selling early at this point could easily lead to missing out. So, while the warning exists, maintaining positions remains the main strategy.

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WagmiOrRekt

· 01-07 11:32

Citibank is changing its tune again. This familiar act, claiming to be bullish and then saying higher... I'm still choosing to hold stubbornly. Anyway, when the explosion finally happens, it'll be too late to regret.

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BottomMisser

· 01-07 07:08

Citibank is causing panic again; I am too familiar with this routine. Missing out is more painful than losing money; keep buying the dip. Daring to call out 14,000; why still bearish? I really don't understand. The last wave of gains is the craziest; run now? I don't believe it. The logic of scrap copper recycling... actually, it's probably just fear of the dollar appreciating. As long as the trend hasn't reversed, you have to hold on; this is an ironclad rule.

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MaticHoleFiller

· 01-07 04:55

Citibank is blaming others again, claiming that the annual high point is coming? It just looks like an old trick to harvest retail investors. The risk of missing out is much scarier than a pullback; I will continue to hold. An increase in scrap copper recycling volume doesn't change the long-term trend. The dollar is right about this, but it's not absolute. From June until now, the final step is the easiest to get knocked out; I don't believe this set. Holding positions and lying flat is the way to go; anyway, I've already gotten on board.

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GasFeeNightmare

· 01-07 04:50

Citibank is starting to play smoke and mirrors again. Where's the promised 14,000? Then they turn around and talk down the market. I've seen this trick too many times. Missing out is more terrifying than losing money. I'm holding on regardless. Recycling scrap copper? Sounds like an excuse with no substance. Daring to jump on hot topics before a reversal? Impressive. After doubling in 7 months, still want to walk away unscathed? That's a bit optimistic.

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MechanicalMartel

· 01-07 04:46

Citibank's recent moves do have a bit of a "want to eat but say no to eating" vibe. Talking about 14,000 and then saying the top will be in January, isn't that just trying to have it both ways? Forget it, the trend hasn't reversed anyway, so I'll just keep lying down and holding. Missing out is more frightening than cutting losses.

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Liquidated_Larry

· 01-07 04:45

Citibank is messing with the mindset again, saying to go long but then stepping on the brakes. I've seen through this trick a long time ago. Missing out is even more painful than liquidation. Keep holding onto the copper and don't let go. Is 14,000 a pie or a trap? I won't believe it until a reversal signal appears. Recycling scrap copper isn't anything new, no need to be so timid. Doubling in seven months, what's there to be afraid of? The last wave is the strongest. Not going to sell this time.

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MelonField

· 01-07 04:35

Citibank is starting to stir again, one side long and one side short. I’m familiar with this routine. The fear of missing out is more terrifying than losses. Keep holding. If it really hits 14,000, I’ll laugh. Making quick money still requires some patience. The scrap copper recycling sector has indeed changed the game. Year-end sprint phase, this is when big moves are most likely to happen. The reversal signal hasn’t appeared yet, so I won’t move. The risks mentioned by Citibank sound like they’re looking for a sucker to take over. Seven months of market movement, how could it reach the ceiling so quickly? Holding positions and sleeping soundly, waiting to realize profits.

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LightningSentry

· 01-07 04:34

Citibank's rhetoric always sounds very convincing, but the ones who truly make money are never those following institutional reports. The fear of missing out is always more deadly than being trapped at a high level. This time, we're ignoring the non-ferrous metals. Both the US dollar and recycled copper, what can these variables really determine... it all depends on whether the trend breaks. Hold your positions; after all, even Citibank itself is bullish. Why scare yourself unnecessarily? The calmer you are in these moments, the easier it is to miss opportunities. I choose to trust my own holding logic.

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