Qatar National Bank: Copper prices to rise on demand and supply gap
The Qatar National Bank Institution anticipates a continued rise in copper prices in the near future, supported by increased global demand resulting from the shift towards clean energy and expansion in AI-related infrastructure. Limited supply growth may lead to a widening market gap and support higher prices in the long term. Currently, prices are above $6.20 per pound, although still below the historical levels of 2008, opening the door for further gains later on—especially amid growing demand for copper in renewable energy sectors, AI infrastructure development, and electric vehicles. Meanwhile, supply faces structural constraints, with new mining projects delayed and underinvestment, preventing the market from keeping pace with the expected growth in demand.
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