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<Research>HSBC Research Raises 2026-28 Copper Price Forecasts by 3-7% on Sustained Strength
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Copper prices skyrocketed to a new peak in early May before ebbing amid risk-off sentiment, HSBC Global Investment Research said in its report. Despite the pullback, copper prices will remain at elevated levels, backed by resilient end-user demand, ongoing supply disruptions, and new uncertainties arising from potential US trade measures. As a result, it raised its average copper price forecast for 2026 by 6% to USD6.12 per pound, increased its 2027 forecast by 7% to USD5.81 per pound, and lifted its 2028 forecast by 3% to USD5.3 per pound, while maintaining its projections for 2029-30 and the long term unchanged. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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