Copper Prices Set to Soar 75% by 2025 Amidst Rising Demand and Supply Disruptions

Benzinga 2024-01-03

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Copper prices are predicted to rally over 75% by 2025 due to a combination of factors, including mining supply disruptions and higher demand for copper. Demand for copper is expected to rise as it is a key metal used in electronics, electric vehicles, renewable energy infrastructure like wind turbines, and power grids. The green energy transition will require significantly more copper to build out renewable technologies. The supply of copper is expected to tighten due to mining disruptions.

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