JPMorgan: Remains Bullish on Global Copper Prices as Demand Is Expected to Increase

On Monday, March 24, JPMorgan expressed optimism about the global copper market, expecting copper demand to continue growing through 2025.

The company's global metals and mining team noted that LME copper futures have risen 15% year-to-date, reaching approximately $10,000 per mt.

Comex copper futures have surged 25% this year.

JPMorgan predicts a surge in copper demand by 2025.

The investment bank forecasts a global copper market deficit starting next year, with the gap expected to widen to around 3 million mt annually by 2030. Consequently, copper prices could rise to $11,500 per mt.

To learn more about the dynamics of the copper industry chain, you are invited to attend the CCI 2025SMM (20th) Copper Industry Conference and Expo, hosted by SMM, which will be held grandly in Nanchang, Jiangxi from April 22-25, 2025. ~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 academic and research experts will gather together. The conference covers mines, smelting, copper processing, trade, recycling, and end-use applications, encompassing the entire copper industry chain.

At the event, 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 impacts, and market directions. Sub-forums delve into industry hot topics 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 with a cumulative capacity of 1 million mt in the copper industry. Sharing cutting-edge technologies and valuable experiences will help upgrade the copper industry chain and promote high-quality industry development.

CCI 2025SMM (20th) Copper Industry Conference and 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, 2025, to unite in the new era and jointly plan for new developments!