Insight
Copper: Things to look for in 2025
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Global economic recovery and China's policies will boost copper demand and prices. The energy transition is positive, but climate initiative momentum loss and nationalist policies add unpredictability. Price volatility, geopolitical shifts, and M&A activity are key themes in the sector for 2025.
Table of contents
- The global economy: A recovery in industrial production remains integral
- Chinese demand: Domestic policy support will underpin copper demand in China, but potential tariffs pose downside risks.
- US: Great expectations for the incoming Trump administration
- The concentrate market: Smelter economics will be in the spotlight as global capacity continues to expand
- Mine supply: We expect global mine supply growth to reach 3.2% in 2025
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Zinc: 5 things to look for in 2026
2026 looks set to be a dramatic and volatile year. We review some zinc specific issues to look out for:
$1,050
Insight
Lead: 5 things to look for in 2026
2026 will be a volatile year for silver impacting lead mine revenues and smelter treatment charges. We review some lead specific issues.
$1,050
Insight
Nickel: 5 things to look for in 2026
As nickel prices rally to their highest level for 18 months, all eyes are on Indonesia as the main disruptor in 2026
$1,050
