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Market
Leading region in copper production growth by end of 2024
4
Resolution / Starting Odds
South America • 25%
Africa • 25%
Asia • 25%
Australia • 25%
World Mining Data and industry reports
Story
Copper Prices Hit $10,000 Per Ton, Highest Since 2022 Amid Green Industry Demand
Apr 26, 2024, 10:04 AM
Copper prices have surged to their highest levels since April 2022, reaching $10,000 per ton for the first time in two years. This significant increase is driven by growing speculation that global copper mines will not be able to meet the anticipated demand from green industries. The current market conditions suggest that this price surge may continue as the industry struggles to keep up with the demand.
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Construction • 25%
Electronics • 25%
Automotive • 25%
Energy • 25%
Largest copper producer • 25%
Second largest copper producer • 25%
Third largest copper producer • 25%
Outside top three • 25%
BHP becomes largest copper producer • 33%
BHP in top three but not largest • 33%
BHP does not enter top three • 34%
Deficit increases • 33%
Deficit stays the same • 33%
Deficit decreases • 34%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
No significant change • 33%
Moderate increase • 33%
Significant increase • 34%
Significant positive impact • 33%
Neutral impact • 33%
Negative impact • 34%
Increase mining operations • 33%
Maintain current operations • 33%
Decrease operations due to other factors • 34%
Asia • 25%
South America • 25%
Africa • 25%
Europe • 25%