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Copper Remains Top Industrial Metal Choice for 2026 Outlook

Copper Remains Top Industrial Metal Choice for 2026 Outlook

Copper has consolidated near $5.31 per pound after reaching record highs. Goldman Sachs reiterated its bullish stance on the metal this week, citing the unstoppable wave of global electrification as a driver that will push prices to average $11,400 per ton by 2026.

Copper Pushes to Fresh Highs on Data Center and Power Grid Demand

Copper Pushes to Fresh Highs on Data Center and Power Grid Demand

Copper has continued its upward trajectory, achieving fresh highs this month. The metal is being driven by the relentless energy appetite of the AI revolution and massive investments in global power grids, even as supply disruptions at key mines like Grasberg add fuel to the fire.

Copper Sees Pressure From Soft Chinese Demand Amid Supply Deficit Fears

Copper Sees Pressure From Soft Chinese Demand Amid Supply Deficit Fears

Copper prices are under pressure, retreating as markets focus on weak industrial data from China. However, the outlook for 2026 remains bullish, with structural deficits driven by the global electrification wave expected to overwhelm short-term demand softness.

Copper Stabilizes Amid Supply Fears Despite Weak Global Industrial Data

Copper Stabilizes Amid Supply Fears Despite Weak Global Industrial Data

Copper prices are showing resilience, trading just above the $5.30 per pound level. The long-term structural demand for electrification and the threat of severe supply shortages from South American mines are providing a strong floor, overshadowing weak industrial reports from key global economies.

Copper Slides on Demand Uncertainties Despite Long Term Green Energy Support

Copper Slides on Demand Uncertainties Despite Long Term Green Energy Support

Copper prices have edged lower, trading around $5.28 per pound. The market is currently weighing immediate demand uncertainties in major manufacturing hubs against the long-term structural deficit created by the energy transition.

Copper Expands Gains to Fresh Highs on Supply Chain Anxiety

Copper Expands Gains to Fresh Highs on Supply Chain Anxiety

Copper prices have rallied to new highs due to fears of supply shortages from South American mines and potential new trade tariffs. The metal's critical role in the green energy transition continues to fuel long-term demand.

Copper Falls on Weak Chinese Data and Macroeconomic Headwinds

Copper Falls on Weak Chinese Data and Macroeconomic Headwinds

Copper prices registered a significant loss, driven by poor purchasing sentiment in China and persistent macroeconomic doubts. However, the metal's long-term outlook remains bullish due to its critical role in the global energy transition.