Copper long-term forecast

Anticipate global market trends and understand supply/demand balances in the copper market

Our copper long-term forecasts are part of a set of products including long-term forecasts for lithium, cobalt, graphite, nickel, manganese sulfate and recycled materials

Copper is critical to the energy transition. It is already used widely in electrical cabling applications, and the greater need for wiring in electric vehicles (EVs) and in renewable electricity generation will add to consumption from other, traditional sectors.

In 2022, traditional sectors accounted for 92% of refined copper demand, with energy transition sectors, such as wind and solar power and EVs, accounting for the rest.

The Fastmarkets copper long-term forecast leverages our heritage in providing price data and market intelligence in the copper market. These insights are paired with economic modeling and data to provide market participants and investors with unmatched clarity on how the copper market will evolve in the next 10 years.

 

The 10-year copper long-term forecast includes:

  • Price forecasts for the LME copper price
  • Supply/demand balances for copper across the 10-year horizon
  • Demand analysis by energy transition sector (wind, solar and EVs) as well as for traditional uses
  • Access to analysts

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Browse copper insights and market coverage

Read some of the latest market coverage from our team of price reporters, researchers and editorial team from across the globe

German copper producer Aurubis is among the least likely to consider reducing capacity despite record low treatment charges (TCs), according to its chief executive officer

European copper demand, particularly for wire rod, remains strong and seems to be outpacing broader macro-economic growth in the region, the chief executive officer of German producer Aurubis has said.

The process to place the smaller and less efficient of the two processing plants at Los Bronces on care and maintenance is expected to be completed by mid-2024 and comes as the company pushes value over volume, the chief executive officer of Anglo American Chile said

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