Copper at USD 10 a pound in 2027 would speed up its replacement by aluminium
Deutsche Bank projects that copper could reach USD 10 per pound in the second quarter of 2027, equivalent to USD 22,050 per tonne. Such an extreme price would create a paradox, accelerating the replacement of the metal by aluminium in various industries because of its high cost.
By aluminio.ar · Based on reporting by Revista Digital Minera REDIMIN
What you need to know
- Daniel Ghali, of Deutsche Bank, estimates that the US and China will hold 71% of the supply analysed by the end of 2026.
- Stocks in COMEX-linked warehouses reached a record 675,185 tonnes in August.
- Three-month copper on the London Metal Exchange stood at USD 14,416.5 per tonne on 30 September.
Read the full story on Revista Digital Minera REDIMIN
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