December 15 2020 12 02 pm. Copper is expected to trade at 3 44 usd lb by the end of this quarter according to trading economics global macro models and analysts expectations.
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A copper price forecast for 2020 and 2021 corona crash update copper is forecasted to be neutral to mildly bearish in 2020 and 2021 with a copper price prediction of 2 25 to 2 75.
Price of copper 2020. The lme copper cash price averaged around 5 100 t in the first week of may. Copper data forecasts historical chart was last updated on december of 2020. Looking forward we estimate it to trade at 3 17 in 12 months time.
When humanity first began using metals they probably started with copper. Various artifacts and tools made from copper have been found dating back to 9 000 bc. Copper prices have never traded below the 90th percentile of production costs the anz analysts noted so their copper price forecast sees the downside protected near 4 000 t with expected copper prices averaging 4 930 t in 2020 before rebounding to 6 040 t in 2021.
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