Copper Price prediction Copper has been predicted to hit $15,000 per tonne by analysts at Goldman Sachs, up from its current level of around $9,700, as demand soars and supply fails to catch up, with the metal reaching a 10-year high on 26 April.
In a report titled ‘Copper is the new oil’, the Goldman analysts say there is ‘no decarbonization without copper’ and add that they expect demand to increase by up to 900% to 8.7 million tons by 2030 if there is widespread use of renewable energy and electric vehicles.