Copper is flashing bullish signals on both a cyclical and structural horizon, according to newly published research.
On the near-term view, one camp of analysts argues LME/COMEX copper has upside into the coming months, with price targets in the 7.00–7.25 range. The technical case: copper corrected sharply but snapped back to 52-week highs, with dip-buyers stepping in aggressively — a sign buyers remain in control despite crowded long positioning.
A separate strand of research frames the longer story through the 2030s. That view rests on years of underinvestment in copper supply, rising demand from the energy transition and data center buildout, and steady drawdowns in global inventories — the same supercycle logic these analysts apply to oil and uranium.
The horizons differ — one cyclical, one multi-year — but both point the same way. A broader thread of recent commentary also flags base metals as undervalued versus gold over the next 12–18 months, thematically consistent even if not copper-specific.