行业预测2026年铜价仍将处于高位

Core Viewpoint - Copper is projected to reach its highest average annual price in history by 2025, closing at $5.672 per pound on the last trading day of the year, driven by ongoing electrification, grid construction, and energy transition efforts [1] Group 1: Price Forecast - Plusmining forecasts that copper prices will fluctuate between $5 and $6 per pound in 2026, an increase from the previous estimate of $4.5 to $5 per pound, due to strong structural demand [1] - GEM Mining Consulting also predicts copper prices will remain in the $5 to $6 per pound range, influenced by low inventory levels and uncertainties in the U.S. market [1] - The University of Development in Chile estimates an average copper price of $5.15 per pound in 2026, impacted by a global structural supply gap [1] Group 2: Economic Impact - For every 1 cent increase in copper prices, the Chilean government is expected to gain an additional $20 to $25 million in tax revenue through Codelco, which will also help strengthen the Chilean peso and lower prices for fuel, food, and technology services [1] - High copper prices are supporting mining investments and extending the lifespan of existing mines, while also highlighting core challenges for Chile, such as improving project execution capabilities, optimizing approval processes, and enhancing production efficiency [1]