According to reports, BMO Capital Markets noted that the provisional 35% acceleration of 35% production is a negative factor, whereby the Output from Grasberg will not return to levels for incident until 2027.
Earlier today, Reuters reported that Goldman Sachs cut his global copper line supply estimates before 2025 and 2026 after the disruption. The production of the mine is now expected to fall by 250,000 – 260,000 tons in 2025 and with 270,000 tons in 2026. The Supply -Hit has encouraged the investment bank to emphasize upward risks to the copper price predictions of December 2025 of $ 9,700 per ton, with prices that potentially rise. Goldman Sachs again confirmed his long-term Bullish Call and projected the buyer to reach $ 10,750 per tonne by 2027, with deeper mines, lower ore figures and multiple disturbances this year-included at Kamoa-Kakula and El Teniente-and-and-and-and-out challenges.
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Domestic brokerage Motilal Oswal is of the opinion that the long -term prospects for copper remain strong bullish, supported by structural shifts in the world economy to carbon, electrification and digitization. While governments worldwide set ambitious climate goals and invest heavily in green technologies, the buyer’s demand will increase sharply. Despite price changes, the strong and steady growing demand, in particular in Asia, supports a solid long -term bullish outlook for copper prices that reach a record high at $ 11700 at LME and RS. 1,080 on MCX from a medium to long -term perspective.
On the demand side, China remains the largest consumer of copper, accounting for around 60% of the worldwide demand in 2024-25. After shocks in the weathering sector, China turned in the direction of infrastructure and green energy. A modernization initiative of $ 300 billion grid and records of sun additives have accelerated the demand for copper to expand solar and renewable energy trait.
Electric vehicles (EVs) are another large growth engine, each of which needs three to four times more copper than conventional cars – about 25 to 50 kg per EV versus 8-12 kg in traditional vehicles. The demand from the buyer of EVs will be expected to increase from 1.2 million tonnes in 2025 to 2020 in 2025 to 2.2 million tons, with the worldwide EV production expected to exceed 30 million units annually at the end of the decade. Listed listed funds have so far attracted $ 2.3 billion in net influx in 2025-one jump of 45% compared to 2024, while managed money accounts in the Net Long positions of 68,000 contracts, in the vicinity of the highlights that were seen during the commodality supercycle.Read more: Hyundai shares collect nearly 90% from the April low. Can it become a multibagger?
Earlier this year, Vedanta Group chairman Anil Agarwal also said ‘Copper is the new gold’, which underlines the growing importance of the metal. Agarwal, who points to the decision of Canada based Barrick Gold to drop “gold” out of his name to give a pivot of copper mining, for investors and entrepreneurs to treat the metal as a national mission. “A great opportunity for young entrepreneurs and investors. Let’s make a mission of it,” he wrote.
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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