Current Situation and Short-Term Forecast
In June 2025, the copper price is currently around $4.85 per pound (approximately €8,400 per ton), with a slight upward trend throughout the year, reaching about $4.86 by December 2025, as forecasted by WalletInvestor. LongForecast, on the other hand, anticipates a significantly more volatile development with a strong rise above $5 by December 2025 and significant monthly fluctuations in 2026.
Medium-Term Perspective (up to around 2030)
Long-term, strong growth potential is seen: In the optimistic scenario, the copper price could rise to over $10 by 2030, and in even more optimistic scenarios, to over $14. These potential price increases are primarily driven by the growing demand from sectors such as electronics, cable production, and green technology – copper is considered an indispensable raw material for electromobility and renewable energies.
Factors Influencing Price Development
Trade conflicts and customs issues continue to have a strong impact on the copper price; a normalization of these conflicts could lead to rapid price increases. Many investors are also hopeful for a recovery of the global economy after global crises, which would further boost demand for copper. Market volatility remains high: In addition to fundamental factors, technical indicators such as MACD trend-following indicators also play a role in short-term price movements.
Conclusion
A ‘price explosion’ in copper is possible, especially if positive macroeconomic developments occur or geopolitical tensions ease. In the short term, moderate fluctuations are expected, while significant upward trends are not excluded in the medium term – particularly due to growing demand in forward-looking industries such as electromobility and renewable energies. Therefore, investors should closely monitor both the fundamental demand drivers and geopolitical risks.
This assessment is based on current market data as well as various forecast models for the period until at least the end of the decade.