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

Anglo American’s rejection of takeover bids by BHP has put copper firmly under the spotlight, but what challenges lie ahead for the red metal as the corporate tussle continues?

Copper fabricators in China and the wider Southeast Asian region continue to feel the pain of high copper prices on futures exchanges and a lack of new orderbooks, with some having already asked for a postponing of shipments of long-term copper cathodes, sources told Fastmarkets in the week to Wednesday May 15

Recent weeks have seen a significant number of miners agreeing sales of copper concentrate to traders for one to four years of supply, Fastmarkets has learned

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