Copper’s near-term outlook remains closely linked to global...

Copper’s near-term outlook remains closely linked to global industrial production and economic development expectations.

From a macroeconomic perspective, the global copper market remains robust with prices still above historical norms. Short-term moves in copper prices are obscuring what is a long-term thesis for copper. This comes at a time when global copper supply in the medium to longer-term is forecast to be limited by declining average ore grades, resource depletion, water constraints, insufficient investment in new mines, and a lack of major new copper discoveries.

The surge in demand expected for copper from the global renewable energy transition argues for higher copper prices in the medium-term (2025-2029) to longer-term (2030 onwards).





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These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.