Aug. 4 at 1:07 AM
$RIO $BHP $FCX $COPX $SCCO
Copper:
Several factors suggest a bullish outlook for copper in 2026, with some analysts predicting it will reach or exceed its all-time highs.
Strong demand: Driving this are factors like the global push for electrification, including electric vehicles (EVs), renewable energy systems, and infrastructure development, according to LinkedIn. China, a major copper consumer, is also expected to contribute to this demand.
Supply constraints: Factors such as declining ore grades at existing mines, a limited pipeline of new projects, and geopolitical risks affecting copper-producing nations could contribute to a supply deficit, further supporting prices. Goldman Sachs predicts a shift to a significant supply deficit by 2026