Analysts Predict Copper Prices to Rise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: CNBC
- Copper Price Forecast: Citi analysts have turned bullish on copper for the first time, predicting prices to reach $14,500 per metric ton next month and $15,000 within a year, reflecting strong market demand and confidence in price increases as it exceeds a benchmark price of $13,636 by over 10%.
- Tariff Uncertainty: The U.S. will decide on refined copper import tariffs by the end of next month; despite this uncertainty, analysts believe U.S. policymakers will maintain strategic ambiguity, likely avoiding a definitive tariff announcement, which supports LME copper prices.
- Economic Health Indicator: Copper demand is seen as a proxy for economic health, especially critical in energy transition and electric vehicle manufacturing, with analysts noting that electrification, grid expansion, and data center construction require significant copper, further driving demand.
- Market Risk Warning: While copper prices are elevated by historical standards, Citi warns of bearish risks from ongoing instability in the Middle East, and notes that inventory levels and end-use consumption are sensitive to interest rates and expectations, which could impact future price trends.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 129.930
Low
87.00
Averages
131.00
High
150.00
Current: 129.930
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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