Copper is top bet for base metals in 2024 Copper is overwhelmingly the top bet for base metals next year, attendees at a London Metal Exchange (LME) event said on Monday.
Copper got 53% of votes in an informal poll at the LME Seminar on which base metal is likely to have most upside in 2024, after a series of analysts presented their cases for each of the six base metals traded on the LME plus steel.
The LME copper price could jump to $12,000 to $15,000 a metric ton in 2025, he said from around $8,100 on Monday, fuelled by surging demand for the energy transition that was not likely to be met by mine output expansions.
https://www.mining.com/web/copper-is-top-bet-for-base-metals-in-2024-at-lme-seminar/