Economist Steve Hanke responded to the bank's findings by advising investors to stay long on the metal. The forecast suggests that the combination of depleted stock levels and market demand will fundamentally shift the pricing trajectory over the next 18 months.
Wednesday, October 21, 2026
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Deutsche Bank Predicts 50% Copper Rally on Record Low Stocks
Commodities21 days ago
The worldwide supply of copper has fallen to levels that could drive a price surge to $22,050 a ton by the second quarter of 2027. Deutsche Bank predicts a rally of approximately 50% from current prices, noting that global inventories have dropped to unprecedented lows which create a severe supply crunch.
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