Copper Price Forecast & Long-term Prediction

Copper Projections For Next 10 Years

Copper price forecasts for the next 10 years are bullish. Mostly this is due to the green revolution. The transition to zero emissions requires a significant increase in copper consumption.

This does not mean that quotations will grow steadily. There may be corrections and short-term drawdowns in the market. But it is obvious that the cost per tonne after 10 years will exceed the current one.

Experts point to the potential for prices to double relative to the levels of 2023. This is largely due to supply problems. Metal manufacturers are facing a number of negative factors. One of them is the tightening of environmental policy. Another is the risk of lower production levels.

Copper price prediction 2030

At the end of 2023, more than 60 countries at COP28 have decided to triple their renewable energy capacity. Citibank estimates this will boost copper demand by 4.2 million tonnes by 2030.

Many experts believe the new oil deposits will be in trouble by 2030. It takes more than 10 years to organize production. The exploration budget today is much lower than in 2012. There is also a tendency to offset production to countries with higher risks. These are Zambia, Panama, etc.

Some analysts predict a severe copper shortage by 2026. This is a bullish copper price forecast 2030. By the year 2030, quotations will be 3 times or more higher relative to the current ones. Even when moderate scenarios are realized, the cost of the metal will still grow. It may reach $12-$15 thousand per metric ton.

Copper forecast 2040

The copper price future forecast is bullish. In experts' opinion, the upward trend in prices will continue by 2040. Many contributing factors will influence the market:

• inflation, which is forcing investors to look for trading ideas in alternative assets;
• growing industrial demand related to the energy transition;
• a supply crisis due to low copper ore production.

All this argues in favor of the fact that copper quotations will grow. Thus, mining companies' stocks can be considered a promising asset.

But one should not forget that the stock exchange analysts are unable to take into account all the issues. New technologies may emerge. The latter can multiply copper production. This will lead to an increase in supply and price stabilization.

Copper Future price 2050

The current copper price forecast 2050 is bullish. It will remain so as long as experts predict a shortage in the supply. Today, most analysts are convinced there will be an increase in the cost per tonne relative to current values. No doubt about it.

Copper will remain a sought-after metal even if the green agenda is abandoned. A radical technological breakthrough is the only way to reduce its consumption. As long as the commodity is in demand, it will rise in price over a long time horizon.

The only questions are the price growth rates. There are figures 5-6 times higher than the current ones. No less important is the level of net profit they will provide to mining companies. Today, quotations of miners usually grow faster than the cost per tonne. Analysts believe that stocks of such companies should be in the portfolio of a future investor.