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

Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12

Price and supply were the major topics of conversation for market participants across the value chain attending Fastmarkets’ flagship Lithium Supply and Battery Raw Materials conference in Las Vegas on June 24-27

Russia’s war against Ukraine is using millions of copper-containing shells, which has increased demand for the red metal, sources told Fastmarkets

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