Copper – opportunities and risks

Analysts and major international banks are largely optimistic about the copper price in the coming years. The reasons for this are supply shortages and global decarbonization, which are consuming copper. Electrification, e-mobility, the expansion of power grids, and the increased demand for semiconductors are also driving strong demand for copper. Analysts at Goldman Sachs are not quite as positive. They expect the price of copper to fall by the end of 2026. They attribute this to rising inventories, a larger supply of scrap, and demand that is falling short of expectations.

It remains to be seen whether the Goldman Sachs analysts are right. However, new mines are being developed in producing countries such as Chile and Peru, but this could take years. In order to justify new mines, or rather the high development costs, a strong copper price will be needed in the coming months and years. Overall, however, the price trend for copper is likely to be upward. This is because the aforementioned price drivers, such as electromobility and renewable energies, are clearly growing areas, as are AI and data centers, which require copper. And it is in these areas that new applications are emerging that will drive demand.

A continuing deficit is also forecast for the copper market. It takes a long time for new mines to come on stream, there are often delays, and the costs and environmental requirements are considerable. And ore grades are declining at existing mines.

Mogotes Metals – https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ – is in the exploration and development stage and owns copper and gold projects in the promising Vicuña district in Argentina and Chile. The Filo Sur copper project (Argentina) appears particularly promising. A private placement has brought new money into the company’s coffers.

Arizona Sonoran Copper Company – https://www.commodity-tv.com/ondemand/companies/profil/arizona-sonoran-copper-company-inc/ – owns the Cactus project in Arizona. It has a very good economic rating, is suitable for simple open-pit mining, and has a projected life of 22 years. A recent private placement has brought fresh cash into Arizona Sonoran Copper’s coffers.

Current company information and press releases from Mogotes Metals (- https://www.resource-capital.ch/en/companies/mogotes-metals-inc/ -) and Arizona Sonoran Copper Company (- https://www.resource-capital.ch/en/companies/arizona-sonoran-copper-company-inc/ -).

Further information is also available in our new battery metals report at the following link: https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

Source:

https://www.ariva.de/kupfer-london-kurs/news/13-000-geknackt-und-dann-das-kupfer-rallye-am-ende-rsf-11874840;

https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

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