Copper's bullish case just got a bolder price target from independent research.
A recently published forecast argues LME/COMEX copper could climb above $15,000 per metric ton through early 2027. The thesis rests on four pillars: significant market dislocations, strong Chinese import demand, ongoing supply-side risks, and dangerously thin inventory coverage outside the United States.
The analysis flags one caveat — US import demand in 2027 is harder to pin down. But researchers maintain that Chinese buying should establish a durable price floor, keeping the broader bullish setup intact even if US flows disappoint.
Worth noting: this is one published view, not a consensus. It's a notably aggressive target against a backdrop where many commodity calls have grown cautious. But the underlying drivers — tight inventories, structural demand, constrained supply — are the same tensions that have defined the copper story for the past two years, now sharpened into a specific number and timeline.