Copper Prices on the Rise: An Overview
Currently, the copper market is characterized by rising prices, and there is discussion of an impending “super cycle” – a long-term phase of significantly increased commodity prices. This presents new opportunities in the commodity sector, especially for private investors.
Market Situation and Price Movements
- Copper Price Trend 2025: Starting at 4,627 USD per ton in June, the price slightly decreased until the end of the year, showing relative stability throughout the year with a final price of about 4,646 USD.
- Price Level: The global average price ranges between 9,300 and 9,600 USD per ton, with a kilo of copper costing about 9–10 USD.
- Inventories: Stocks at major exchanges have decreased, indicating a relaxed supply situation.
Drivers of the Super Cycle
- Structural Supply Gap: Increasing demand driven by electromobility, digitalization, and renewable energies is causing an imbalance.
- China’s Demand: High copper demand due to Chinese investments in infrastructure.
- Production Capacities: Lagging capacities could lead to bottlenecks in the medium term.
- Warning of Supply Shortages: Without new mines or recycling, deficits are anticipated starting at the end of 2025.
Opportunities for Investors
The super cycle opens up various investment opportunities: direct investments in physical copper, shares of mining companies, or ETFs based on the commodity.
Risks & Challenges
Despite the positive outlook, risks such as economic weaknesses, geopolitical uncertainties, or technological advances in recycling exist. Nevertheless, a long-term upward trend is anticipated due to structural scarcity.
Conclusion
The rise in copper prices reflects fundamental market changes, driven by megatrends and an impending supply gap. For investors, now is a good time to focus on the copper market.