Copper long-term forecast
Anticipate global market trends and understand supply/demand balances in the copper market
Copper is critical to the energy transition. It is already used widely in electrical cabling applications, and the greater need for wiring in electric vehicles (EVs) and in renewable electricity generation will add to consumption from other, traditional sectors.
In 2022, traditional sectors accounted for 92% of refined copper demand, with energy transition sectors, such as wind and solar power and EVs, accounting for the rest.
The Fastmarkets copper long-term forecast leverages our heritage in providing price data and market intelligence in the copper market. These insights are paired with economic modeling and data to provide market participants and investors with unmatched clarity on how the copper market will evolve in the next 10 years.
The 10-year copper long-term forecast includes:
- Price forecasts for the LME copper price
- Supply/demand balances for copper across the 10-year horizon
- Demand analysis by energy transition sector (wind, solar and EVs) as well as for traditional uses
- Access to analysts
Read some of the latest market coverage from our team of price reporters, researchers and editorial team from across the globe
Global physical copper cathodes premiums were mixed in the week to Tuesday April 15, with US market moving down, Europe rising and Asia holding largely steady.
Tariffs are creating a short-term period of volatility, but are not shifting conviction on the long-term fundamentals of the copper market, the chief executive officer of Rio Tinto Copper has said
How tariffs, economic uncertainty and innovation are shaping the future of US copper production
Read special correspondent Andrea Hotter’s coverage from CESCO Week 2025 and learn more about the growing demand for copper
Aurubis CEO says that copper smelting growth is likely but the market needs to avoid overcapacity
Aurubis CEO discusses copper tariff impacts and strategic investments in US and Europe
Understand supply/demand balances in the copper market over the next decade
We also offer long-term forecasts for:
Looking for price data and market intelligence in the copper market?
Keep on top of volatility with battery materials news and intel
Trade on market-reflective prices
Gain a competitive edge in the emerging battery recycling market
Providing greater transparency into the cost of key Li-ion cell components
Our battery raw materials events give you a front-row seat to one of the most dynamic and critical markets in today’s economy
Enable risk management using futures contracts
We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Find out how our price reporters and analysts assess and forecast prices in agriculture, forest products and metals