Deutsche Bank forecasts that prices will climb above $22,000 a ton within six months, representing a potential 50% rally by the second quarter of 2027. The bank attributes the predicted surge to global inventories falling to unprecedented lows, a development that led economist Steve Hanke to advise investors to stay long on the metal.
Tuesday, October 20, 2026
Story
Copper Hits Record $14,875 for 3rd Straight Monthly Gain
Commodities21 days ago
Strong demand in China and tight physical markets drove the red metal's price to a fresh peak in September. Copper touched $14,875 per ton, marking its highest level on record, and is currently on course to secure its third consecutive monthly gain as available supplies continue to dwindle.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.