According to foreign news on January 9, the well-known investment bank CITI RESEARCH predicted in a latest report that copper prices will remain at about $8,500 per ton in the short term, but then may fall back. The forecast mainly takes into account growth concerns in developed economies and the impact of the Chinese government's stimulus measures on copper prices.
The report also forecasts the global supply of refined copper in the coming years. Global refined copper supply is expected to show a modest surplus in 2024, totalling 93,000 tonnes. By 2025, the supply situation will be reversed, with a shortage of 346,000 tonnes. By 2026, the shortfall will widen to 458,000 tonnes.
