Exploring the Expected Drop of Copper Prices to $8,000/Ton by 2026

Sunday, 11 August 2024, 16:45

Copper prices are projected to drop towards $8,000/ton from 2025-2026 as global growth wanes. This forecast, issued by Macquarie, highlights significant surpluses likely to suppress price surges and anticipates a market deficit only by 2028.
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Exploring the Expected Drop of Copper Prices to $8,000/Ton by 2026

Copper Price Outlook: What to Expect in 2025-2026

Copper prices, currently under pressure, may see a troubling descent towards $8,000/ton over the next few years. Analysts have pointed out that a lack of significant economic catalysts coupled with muted global growth will likely cause large-scale surpluses, thereby capping any price rally.

Market Dynamics Affecting Copper Prices

Barring unexpected demand spikes, the forecast remains grim for copper enthusiasts. Experts suggest that the projected deficits in supply won't emerge until around 2028, making the upcoming years critical for industry stakeholders.

  • Declining demand from major consumers
  • High stock levels leading to price suppression
  • Economic factors influencing global copper markets

For those keeping an eye on market trends, understanding these factors influencing copper prices is essential.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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