Copper 2022 2030 For the longer term, Goldman Sachs predicted that copper prices could average $11,875 per tonne in 2022, $12,000 in 2023, $14,000 in 2024 and $15,000 in 2025.
The World Bank has an extended long-term forecast of $7,544 per tonne in 2025, $7,769 in 2030 and $8,000 per tonne by 2035.
At the time of writing, on 2 November, forecasting sites were also bullish on the copper outlook. Algorithm-based Wallet Investor had a US copper price prediction of $4.4214 per pound for the end of the year, rising to $4.8184 per pound by the end of 2022. The service predicted the price could reach $6 per pound by the end of 2025.
Gov Capital predicted that the US copper price could reach $4.563 per pound by the end of 2021 and rise to $6.505 by the end of 2022. By the end of 2025, it expected the price to jump to $15.253 per pound.