Citi predicts that the appreciation of copper will extend until 2026, thanks to two main factors 📈. The demand in the U.S., driven by the need for copper in the construction of data centers for the artificial intelligence (AI) sector, and the slowdown in mining activity are the main reasons for this forecast.
- *Current Price*: The price of copper is US$ 5.45 per pound (US$ 11.993 per ton) 📊.
- *Forecast*: Citi predicts that copper will reach US$ 13.000 per ton at the beginning of 2026 and may reach US$ 15.000 in the second quarter 📈.
- *Impact*: The rise in copper prices will be positive for companies in the sector, but it will also have repercussions that will create problems in various industrial areas, such as energy 💡.
- *Production*: Copper mining production is expected to decrease in 2026, which may lead to organic price increases 📉.
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🔥 Copper appreciation will extend until 2026
💡 Demand in the U.S. drives price
👥 Mining production is expected to decrease
📈 Copper price may reach US$ 15.000