Copper Prices May Surge Another 50%, Predicts Deutsche Bank; Supply to Users Could Exhaust by 2028

“De-Globalization Endgame”: Deutsche Bank Warns Historic Copper Squeeze Could Ignite 50% Rally

(Zero Hedge)—London copper prices are near record highs at the start of the week, reinforcing the supercycle commodity bull-cycle thesis former Goldman Sachs commodities chief Jeff Currie outlined in August: “get long and buckle up.” The convergence of tight physical markets, currency debasement and policy intervention is creating conditions for a sustained repricing of scarce […]

Copper prices may surge another 50%, predicts Deutsche Bank; supply to users could exhaust by 2028

Copper prices could surge further as historically low inventories, US stockpiling and constrained mine supply intensify competition for spot metal. Deutsche Bank expects copper to reach $22,050 per metric ton by Q2 2027, while supply available to global users could tighten sharply by 2028.

"De-Globalization Endgame": Deutsche Bank Warns Historic Copper Squeeze Could Ignite 50% Rally

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Deutsche Bank Says Copper Could Jump 50% to $22,050 a Ton by 2027

Deutsche Bank's Daniel Ghali forecasts copper could surge 50% to $22,050 a ton by mid-2027, as the US and China lock up 71% of global inventories while mine outages in Indonesia, Chile and Congo choke supply. The AI data-center buildout adds a separate, longer-running layer of demand underneath it.