Morgan Stanley's new copper outlook is out, and it says to buy on dips...
"Copper is already trading near all-time highs, and net longs on COMEX are at a record level. However, with supply disruptions rising, US imports expected to stay strong for now and signs that China is restocking on dips, any pullbacks in copper are likely to be short-lived in our view. The US tariff decision remains key, but the current COMEX-LME spread should be attracting metal. A decision to raise tariffs could accelerate the move higher."