Forecasts for Copper Price with 12-period horizon (monthly)
Copper prices are expected to stay high and choppy over the next year. The market looks to level off briefly later in 2025 and then resume an upward trend by mid-2026, led by ongoing supply limits and supportive financial conditions rather than a drop in demand. Prices around December 2025 are near $5.3 per pound, with tight physical supply from Chile and planned cuts by Chinese smelters, plus a current lift from a softer dollar and favorable liquidity. Short‑term moves may include a rise in July 2025, a mild dip into late 2025, and a renewed climb into 2026 to new highs. For decision makers, this means persistently higher input costs with periodic volatility, not a rapid return to chair prices. Consider active hedging, efficiency improvements, and staying alert to policy risks and market shocks.