Citigroup: Q2 Copper Average Price in Markets Outside the US Expected to Be $8,500 per mt

On April 5 (Saturday), Citi Research stated that the short-term outlook for copper prices in markets outside the US is bearish, with the average price in Q2 2025 expected to be $8,500 per mt, but price risks remain significantly skewed to the downside.

Citi predicts that spot copper consumption and manufacturing sentiment will be impacted in Q2 2025 due to the US's announcement of so-called "reciprocal tariffs" on all trading partners in early April.

To learn more about the dynamics of the copper industry chain, you are welcome to attend the CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo, hosted by SMM, which will be grandly held in Nanchang, Jiangxi from April 22-25, 2025. CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo ~

Over 3,000 industry elites, representatives from upstream and downstream enterprises of the copper industry chain, government officials, industry associations, third-party equipment, logistics and warehousing, as well as experts from universities and research institutions will gather together. The conference covers mines, smelting, copper processing, trade, recycling, and end-use applications, encompassing the entire copper industry chain.

At the conference, more than 100 exhibitors will showcase the latest copper processing and smelting equipment, high-quality raw material suppliers, and new-type copper-based materials, highlighting the innovation and vitality of the copper industry.

The conference features a variety of exciting activities: the main forum focuses on global copper market trends, raw material supply, policy impact analysis, and market direction interpretation. Sub-forums delve into industry hot topics in areas such as electrical power transmission and distribution, secondary copper, copper-based new materials, hardware and plumbing, and ESS. During the conference, a two-day field trip will visit 12 representative enterprises in the copper industry with a cumulative capacity of 1 million mt. Share cutting-edge technologies and valuable experiences to help upgrade the copper industry chain and promote high-quality industry development.

CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo Helps you grasp the industry pulse, expand your network, and seek business opportunities! SMM cordially invites you to gather in Nanchang, Jiangxi from April 22-25, to unite in the new era and jointly plan for new development!