Current Situation and Short-Term Forecast
In June 2025, the copper price is currently about 4.85 USD per pound (approximately 8,400 EUR per ton) with a slight upward trend over the year until December 2025 to around 4.86 USD, as projected by WalletInvestor. LongForecast, on the other hand, expects a significantly more volatile development with a strong increase to over 5 USD in December 2025 and substantial monthly fluctuations in 2026.
Medium-Term Perspective (until around 2030)
Long-term, strong growth potential is seen: In an optimistic scenario, the copper price could rise to over 10 US dollars by 2030, and in even more optimistic scenarios to more than 14 US dollars. These potential price increases are primarily driven by the increasing demand from areas such as electronics, cable production, and green technology – copper is considered an essential raw material for electromobility and renewable energies.
Influencing Factors on Price Development
Trade conflicts and tariff issues continue to have a strong impact on the copper price; a normalization of these conflicts could lead to rapid price increases. The hopes of many investors also lie in a recovery of the world economy after global crises, which would further boost the 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 decrease. In the short term, moderate fluctuations are expected, while significant upward trends are not ruled out in the medium term – particularly due to the growing demand in future-oriented industries such as electromobility and renewable energies. Investors should therefore closely monitor both fundamental demand drivers and geopolitical risks.
This assessment is based on current market data as well as various forecasting models for the period up to at least the end of the decade.