What Will Happen to High Purity Copper Prices Next Quarter
Trading in high purity copper has also surged, attracting speculators outside the metal industry eager to link copper to the ultimate market driver, artificial intelligence (AI). However, the bubble in the copper market quickly deflated, and at present the copper price is rising much less than expected.
It looks like most of the gains in 2024 copper will be given back as we enter the New Year. But what will happen in the next quarter?
On the supply side, production is growing and will remain well supplied in the next quarter.
On the demand side, the long-term outlook for high purity copper remains positive in the context of the energy transition. Overall, China accounts for about 56% of global copper consumption. While global copper demand will grow 2.9% annually in 2025. Most of it will come from outside China, according to RBC Capital Markets.
Looking ahead to the next quarter, most market participants are bullish, and high purity copper price is likely to continue to climb. Our custom metal business team will keep a close eye on market changes and update quotation for our buyers in due course.
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