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

Published: Mar 25, 2025 18:47 (GMT+8)

Save

JPMorgan Remains Bullish on Global Copper Prices Due to Expected Demand Increase. On Monday, March 24, JPMorgan expressed optimism about the global copper market, forecasting that copper demand will continue to grow through 2025. The firm's global metals and mining team noted that LME copper futures have risen 15% year-to-date, reaching approximately $10,000 per mt.

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!

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 mins ago

Colombia Repeals Major Mining Restrictions, Unlocking Millions of Hectares for Exploration

Colombia has abolished two major mining restrictions imposed by former President Gustavo Petro, potentially reopening millions of hectares for exploration and releasing billions of dollars in investment under President Abelardo de La Espriella.Colombia’s Ministry of Mines repealed 15 special mining zones on October 22, covering 5.3 million hectares, or nearly 5% of the country’s land area. The Ministry of Agriculture separately revoked food production protection areas (APPA) in four regions in October, removing another obstacle to mineral development.Juan Camilo Narino, president of the Colombian Mining Association (ACM), said at the National Mining Congress in September: “Colombian mining is seeking to open a new phase and once again become an engine of growth for the country and its regions.”

12 mins ago

Codelco Identifies Inflated Production, Initiates Audit and Dismisses Nine Employees

Codelco Chairman Bernardo Fontaine said on Thursday that the inflated production identified in the company's financial statements amounted to 42,100 mt.He added at the extraordinary shareholders' meeting that the second case disclosed by the company had an impact of 17,000 mt on inventories, corresponding to a value of $120-140 million.The company has initiated an audit and dismissed nine individuals across three mines and its headquarters office to verify whether production data had been misreported.

12 mins ago

13 mins ago

Chile's Copper Exports to China Surge in October, Totaling 180,665 MT and 1.35M MT of Concentrates

Data from Chile customs showed that Chile's copper exports in October were 180,665 mt, with 13,652 mt shipped to China that month. Chile's copper ore and concentrates exports in October were 1,350,404 mt, with 818,899 mt shipped to China that month.

13 mins ago