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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.
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Over a decade since its first attempt, Glencore appears to have taken another tilt at Rio Tinto.
Participants in the market for copper scrap and blister in China, the world’s largest importer of copper raw materials, expect there to be fiercer competition for material in 2025, industry sources told Fastmarkets in the week to Thursday January 9.
Africa’s first transcontinental rail network, known as the Lobito Corridor, which aims to eventually connect almost the entire regional copper-cobalt belt with additional links across sub-Saharan Africa, is on track to break ground early in 2026, a senior official at the US Department of State told Fastmarkets.
The availability of relatively untapped resources, a huge influx of Chinese investment and a rapid licensing system have helped the Democratic Republic of Congo (DRC) to become one of the world’s three key producers of copper.
There has been a freefall in copper concentrates treatment and refining charges (TC/RCs) this year amid tighter supply in the market. In 2025, supply tightness is projected to keep copper concentrates TC/RCs low on average for the whole year, sources told Fastmarkets.
Unlike most other commodities, cobalt is primarily a by-product – with 60% derived from copper and 38% from nickel – so how will changes in those markets change the picture for cobalt in the coming months following a year of price weakness and oversupply in 2024?
Understand supply/demand balances in the copper market over the next decade
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