Copper Price Projection from BMI: 17 Thousand Dollars Per Ton Target by 2035
New long-term forecasts for the copper market have been shared in line with the global energy transition and increasing electrification processes.
According to a new report prepared based on London Metal Exchange data, copper prices are expected to register a significant rise by 2035.
Price Expectation for 2035
In the report prepared by research organization BMI, it was predicted that copper prices will rise to the level of 17 thousand dollars per ton by 2035. This forecast drew attention for the metal, which trades at 14,624.50 dollars per ton in London Metal Exchange data.
Supply Crunch and Tariffs
Analysts state that structural supply crunches in global markets will create a buffer against potential declines. On the other hand, it was stated that uncertainties regarding the US tariff policies could create short-term fluctuations during the rest of the year.
Growth Potential and Demand
The renewal of electrical grids and electrification projects keep copper demand alive. The determined target of 17 thousand dollars points to a growth potential of 16.23 percent under current market conditions.