Can Copper Extend Its Gains in 2026? | Presented by CME Group
Bloomberg Television·2026-01-26 20:28
[music] After a stellar 41 plus% gain in [music] 2025, copper kicked off 2026 with a rally above $6 [music] on January 6th. But three critical factors will determine whether prices continue above $6 sustainably or [music] pull back. Demand is surging.S&P Global forecasts a 50% jump [music] to 42 million metric tons by 2040. driven by AI data centers 40 to 50,000 tons each [music] using three to four times more copper than conventional cars and renewable grids supply can't keep pace JP Morgan projects a 330, ...