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

Published: Mar 25, 2025 18:47

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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.

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