Why Copper price is soaring: 2026 Forecast and know about key mining stocks
Copper prices are hitting record highs, driven by supply tightness, surging energy transition, and booming AI demand. Analysts project further surges, potentially reaching $13,000/tonne by 2026. This unprecedented rise highlights copper's crucial role in global green initiatives and tech infrastructure, attracting significant investor interest in mining stocks like Vedanta and Hindalco.
New Delhi: The prices of copper, one of the most important metals for the energy transition, seem to be rising to new heights in the global market. Before the end of the year on the London Metal Exchange (LME), copper has set a new record and its prices have reached close to 12,000 dollars i.e. Rs 10.76 lakh per tonne. On Monday, copper was trading 0.9% higher at $11,982 per tonne on the LME. In the current year 2025, copper prices have climbed by about 40%, which is considered its biggest annual rise since 2009. Overall, due to supply tightness, long-term demand linked to energy and AI, and bullish estimates from big banks, copper prices are expected to rise further in the coming years. American bank Citigroup Inc. has projected copper prices to go up further in 2026. Let us know where its prices can reach in 2026.
Will Copper price rise in 2026?
Citigroup Inc. says that copper could reach $13,000 per ton by the second quarter of 2026, as the race to deliver the metal to the US intensifies. At the same time, Goldman Sachs Group Inc. has recently described copper as its favorite metal for the next year.
According to experts, the biggest reason for the rise of copper in recent months is the possibility of a tightening of global supply, which has left behind the slowdown in demand. Energy transitions, electric vehicles, renewable energy and now infrastructure needs associated with Artificial Intelligence (AI) have made copper a strong-demand metal for a long time.
Why Copper price is on the rise
One of the main reasons for the immediate rise is believed to be the fast shipment of metal to the US. Companies are trying to send copper to the US before possible export fees (tariffs), which increases the risk of supply shortage in the rest of the world. Apart from this, unplanned outages and production interruptions in many mines have also tightened the market. Despite this, investors are investing a lot of money in copper futures and mining stocks.
Copper Stocks
Vedanta is a diver metal and mining company, but it has a strong presence in the copper segment. The company's Thoothukudi smelter and Silvassa refinery together make up one of the largest integrated copper capacities in the country.
Hindalco is considered the second largest copper rod producer in the world and India's leading copper company. Located in Dahej, Gujarat, its fully integrated copper complex is a large custom copper complex at the global level.
Hindustan Copper is the country's Mini Ratna company and is the only PSU in India, which works directly from copper and mining, that is, copper mines. The company has all the operating mining leases of copper ore in the country.
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