Copper Spot Price Spot Change
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Copper Price per Pound $4.33
Copper Price per Ounce $0.27
Copper Price per Ton $8,660.00
What is the current price of copper?
Name
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9,678.00
-1.97
USD per Ton
1/28/22 12:41 PM
Will copper prices go up in 2021?
The demand for copper is expected to rise further amid rising concerns about low copper inventories. The IMF projects the growth of the copper price from an average of $6,174 per metric ton in 2020 to $8,313 in 2021, followed by a gradual decline to $7,600 per metric ton by 2026.
Will copper prices go up in 2022?
According to the World Bank, the average annual copper price soared by 51% y-o-y to $9,317 per tonne in 2021 but is set to decline approximately to $8,800 per tonne this year.
What will copper be worth in 2030?
The World Bank has an extended long-term forecast of $7,544 per tonne in 2025, $7,769 in 2030 and $8,000 per tonne by 2035.
Is copper a good investment 2022?
Beyond 2022, global growth is projected to moderate to about 3.3% over the medium term. Sustained growth in copper demand is anticipated to continue as the metal is essential to economic activity. Per Statista, global copper demand for charging infrastructure is expected to reach some 115,000 metric tons by 2025.