Codelco's Output Forecast: Codelco has reduced its 2025 copper output forecast to 1.31-1.32 million metric tons due to ongoing challenges like declining ore grades and operational setbacks, despite maintaining a long-term goal of 1.7 million tons by 2030.
Glencore's Horne Smelter Concerns: Glencore is considering the potential closure of its Horne Smelter in Quebec due to high environmental compliance costs, which could impact the Canadian Copper Refinery and approximately 1,000 jobs.
Rising Copper Demand: Demand for copper is projected to increase by 24% by 2035, driven by electrification and renewable energy, necessitating an additional 8 million metric tons of mine capacity and 3.5 million tons of scrap annually.
Market Volatility: The combination of supply disruptions and rising demand is likely to create structural deficits in the copper market, leading to sustained price volatility in the future.
Wall Street analysts forecast CPER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPER is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast CPER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPER is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 35.680
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Current: 35.680
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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.
