The copper price is currently showing an upward trend, which is of great importance for private investors as it indicates future market developments and potential investment opportunities. Here are some key factors influencing the rising copper price:
Current Market Developments
Price Movements: The copper price has developed positively in recent months. In May 2025, the price increased by an average of 3% compared to the previous month, driven by developments in US tariff policy and speculation about rising demand from China. Currently, the price is in the range of about 8,500 to 8,700 euros per ton.
Structural Deficit: The International Energy Agency (IEA) warns of a possible copper deficit starting in 2025, as the expansion of production capacities may not keep up with rising demand. This deficit could further drive up the copper price.
Drivers for the Copper Price
Energy Transition and E-Mobility: The increasing demand for copper for the energy transition and e-mobility is an important driver for the copper price. China is heavily investing in power grids, which is increasing the demand for copper.
Digitalization: Digitalization and the expansion of infrastructure for digital technologies also increase the demand for copper.
Forecasts and Investment Opportunities
Short-term Forecasts: IKB expects a slightly firmer development of the copper price by the end of Q3 2025, with a potential movement of +1,000 USD per ton around the mark of 9,600 USD per ton.
Long-term Perspectives: The potential supercycle in the copper market could lead to a long-term reassessment of copper explorers, opening up new investment opportunities.
Stocks of Copper Producers
Hudbay Minerals: The stock of the Canadian copper producer Hudbay Minerals is also showing positive development and could rise from the resistance area of 9.7 USD to 10.5 USD if it breaks out.
Overall, the rising copper price offers interesting investment opportunities for private investors, especially in the context of long-term demand development and possible structural deficits in the copper market.