JP Morgan March 1 Copper Price Forecast On March 1, JPMorgan Chase predicts that copper prices will reach about $9,100/mt by the end of 2023, and will exceed $10,000/mt in 2024. The average annual price in 2024 is expected to be $9,850/mt.
Today copper is about USD 4.02 per pound and $9,100/mt is about $4.12 peer pound $9,850/mt equates to 4.47 per pound.
Good news for Oroco's PEA as they will need to set a price of copper for the revenue forecast to calculate the NPV.