RE: Buys11 Apr 2024 10:28
Amidst the fluctuations of the copper market in 2024, anticipation runs high for the red metal's trajectory. Recent analyst polls indicate a projected average price of $8,625 per ton, reflecting a resilient 5% increase from the year's outset.
Factors such as supply shortages, spurred by closures like Cobre Panama, and the surge in demand for energy-transition metals are key drivers. Notably, India's urbanization is silently shaping the market ahead of previous forecasts, catching investors off guard.
Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton). We'll also spotlight projects deserving investor attention as copper's long-term journey upward unfolds.