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Copper waiting in the wings to take the market by storm

The copper price has had an indifferent start to 2024, but the noise from the analyst community around the prospects for the red metal has been deafening.
A Reuters poll of 28 analysts came back with a predicted average price this year of $8,625/t – an increase of more than 5% on the levels experienced in the slow start to 2024.


The consensus among the professional price-forecasting community is that supply shortages, in part driven by high-profile closures such as Cobre Panama’s namesake operation, will act in concert with increasing demand for energy-transition metals to increasingly tighten the copper market through to year-end. Urbanisation among India’s massive population is another factor rarely talked about, which is also biting, according to some analysts. These phenomena and emerging tightness are biting about a year ahead of previous forecasts, catching investors off guard.

This report will examine the pivotal factors influencing copper in 2024 and the likelihood of the price pushing through the headwinds of disappointing macroeconomic news from early this year to return to the historical highs seen in early 2022 (>$11,000/t) as well showcasing the emerging and established projects deserving significant investor attention once the market acknowledges the onset of copper's long-term upward trajectory.


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What's Inside The Report?

A look at the key drivers for copper in 2024

A review of the global copper space for the miners best placed to take advantage; the development companies positioning themselves to enter production at the onset of higher prices.

A look at explorers with projects worthy of investor attention

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