Control copper prices at record heights: Bofa and JPmorgan optimistic!

Control copper prices at record heights: Bofa and JPmorgan optimistic!

The analysts of Bank of America (Bofa) have significantly increased their forecasts for copper prices. In a recent report, the experts emphasize that they expect a price of $ 11,313 per tonne for 2026, followed by $ 13,501 in 2027 and finally $ 15,000 per ton. These optimistic predictions play a crucial role in an increasingly exciting market. The copper price is currently $ 10,181.50 per ton, according to the London Metal Exchange (LME), which provides the background for these predictions.

Bofa's positive assessment also affects the copper mining company Freeport-McMoran, the price target of which is 13% above the last closing course. This is done in the context of a temporary closure of the Grasberg mine in Indonesia, which was closed due to a tragic landslide in which two employees lost their lives. Bofa analysts exchanged ideas with the President and CEO Kathleen Quirk and express their confidence in the evaluation of $ 42 per share, as this takes into account the risks of temporary decommissioning.

Market developments and forecasts

In addition to the forecasts of Bofa, JPmorgan Chase also expresses an optimistic view of the copper market by indicating a "offer -to -offer shortage". The analysts of JPMorgan predict that the average LME prices will reach 11,000 USD per ton in the fourth quarter of 2025, followed by a slight increase to $ 11,250 per ton in the first quarter of 2026. These forecast reflects the current market developments and show the increasing trust of the major financial institutions into the stability and future development of copper prices.

Another aspect that affects current developments in the copper market is the assessment of Société Générale. These predict that due to the massive losses from the Grasberg-Mine, copper will have its greatest deficit since 2004, which further tightens the offer bottlenecks in this important market. The combination of demand and a limited offer makes copper a critical raw material for the coming time.

With the rising prices and the associated forecasts, copper remains a hotly discussed topic in the raw material industry. The developments are followed closely by investors and market observers, since they can not only have an impact on mining companies, but also on the global economy as a whole.