Current Market Development
The copper price shows a dynamic development in 2025. In June, the price starts at $4.627 per pound and falls slightly to $4.573, representing a decline of -1.17%. A recovery to $4.646 is expected by December. Meanwhile, copper inventories on the London Metal Exchange have decreased by 25% in May, while those on the Shanghai Futures Exchange have increased by over 18%, indicating a global shift in inventory management.
Long-term Trends and Forecasts
Supercycle
A “supercycle” refers to long-term upward movements in commodity prices driven by global demand and supply gaps. Copper could become attractive for investors here.
Demand and Supply Factors
The demand for copper is growing due to trends like the energy transition and electric mobility. Especially, China is investing heavily in expanding its power grid. However, it is expected that production capacities will not keep pace with the increasing demand, which could support prices further.
Significance for Private Investors and Savers
Private investors should keep an eye on the return potential of copper, especially in the context of a possible supercycle. Investments in copper or corresponding companies can also provide valuable portfolio diversification to benefit from future market developments.
Overall, the copper market is complex and volatile, requiring careful observation by investors to identify opportunities in a timely manner.