Copper Gets A 2026 Price Bump, As Diverging Market Forces Raise Alarm

Benzinga11-25

Copper prices are set for further gains in 2026. Tightening supply, widening market deficits, and mine disruptions all amplify concerns about the metal’s long-term availability. UBS is the latest bank...

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UBS is the latest bank...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/25/11/49052022/copper-gets-a-2026-price-bump-as-diverging-market-forces-raise-alarm\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Copper Gets A 2026 Price Bump, As Diverging Market Forces Raise Alarm</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCopper Gets A 2026 Price Bump, As Diverging Market Forces Raise Alarm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-25 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/commodities/25/11/49052022/copper-gets-a-2026-price-bump-as-diverging-market-forces-raise-alarm><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Copper prices are set for further gains in 2026. Tightening supply, widening market deficits, and mine disruptions all amplify concerns about the metal’s long-term availability. UBS is the latest bank...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/25/11/49052022/copper-gets-a-2026-price-bump-as-diverging-market-forces-raise-alarm\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCX","symbol_name":"麦克莫兰铜金","start_time":0,"source_url":"https://www.benzinga.com/markets/commodities/25/11/49052022/copper-gets-a-2026-price-bump-as-diverging-market-forces-raise-alarm","article_id":"2586278874","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/25/Industry-Production-For-Plumbing--Copper_0.jpeg?optimize=medium&dpr=2&auto=webp&width=630"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/commodities/25/11/49052022/copper-gets-a-2026-price-bump-as-diverging-market-forces-raise-alarm","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2586278874","pubTimestamp":1764069840,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Copper prices are set for further gains in 2026. Tightening supply, widening market deficits, and mine disruptions all amplify concerns about the metal’s long-term availability. UBS is the latest bank to upgrade the yearly outlook, warning that persistent operational setbacks and falling inventories are now exerting a decisive influence on the market.In a note published Friday, UBS raised its March 2026 copper target by $750 per metric ton to $11,500, while lifting its June and September forecasts by $1,000 each to $12,000 and $12,500.UBS cited multiple mine disruptions as a clear sign of tightening supply. This year’s setbacks include lower-than-expected recoveries in Chile and recurring unrest in Peru. Furthermore, operational issues at Freeport-McMoRan’s  Grasberg complex in Indonesia weigh on production.EXIM has already provided a $1.25 billion loan for Barrick’s  Reko Diq project in Pakistan, and Jovanovic said the bank is now working on several additional critical-minerals transa","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCX":"麦克莫兰铜金","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU0788109121.HKD":"BGF WORLD MINING \"A2\" (HKDHGD) ACC","LU0075056555.USD":"贝莱德世界矿业基金A2","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4585":"ETF&股票定投概念","TECK":"泰克资源有限公司","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4566":"资本集团","BK4591":"室温超导概念","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","AAUKF":"Anglo American plc","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","B":"Barrick Mining Corporation","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","SG9999002521.SGD":"United Global Resources A Acc SGD","LU0055631609.USD":"贝莱德世界黄金基金A2","BK4588":"碎股","BHP":"必和必拓公司","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","BK4017":"黄金","LU0505663152.USD":"abrdn SICAV I - FUTURE MINERALS \"A\" (USD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD"},"translate_title":"市场力量分化敲响警钟，2026年铜价将上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TECK":1,"FCX":1,"AAUKF":1,"BHP":1,"B":1},"content_text":"Copper prices are set for further gains in 2026. Tightening supply, widening market deficits, and mine disruptions all amplify concerns about the metal’s long-term availability. UBS is the latest bank to upgrade the yearly outlook, warning that persistent operational setbacks and falling inventories are now exerting a decisive influence on the market.\nIn a note published Friday, UBS raised its March 2026 copper target by $750 per metric ton to $11,500, while lifting its June and September forecasts by $1,000 each to $12,000 and $12,500.\nThe bank also introduced a new December 2026 target of $13,000 per ton. The revisions come alongside sharply higher deficit projections: UBS now anticipates a 230,000-ton shortfall in 2025 and a 407,000-ton deficit in 2026—both several times larger than earlier estimates—as refined output growth slows to just 1.2% and 2.2% across the two years.\nAlso Read: Copper Is The New Gold–Expert Eyes The Strongest Bull Market In 50 Years\nUBS cited multiple mine disruptions as a clear sign of tightening supply. This year’s setbacks include lower-than-expected recoveries in Chile and recurring unrest in Peru. Furthermore, operational issues at Freeport-McMoRan’s (NYSE:FCX) Grasberg complex in Indonesia weigh on production.\nThe largest domestic copper miner continues to recover from a September mudflow at the Grasberg Block Cave that killed seven workers and halted operations. The expectations are to restart Block Cave in the first quarter of 2026 and produce 478,000 tons of copper cathode. Meanwhile, the initial goal was 700,000. \nYet the demand continues in the opposite direction. UBS expects global copper consumption to grow by 2.8% in both 2025 and 2026, driven by electric vehicles, renewable energy, grid upgrades, and rapidly expanding data center construction.\nThe divergence has made copper assets extraordinarily valuable and increasingly difficult to buy. BHP’s (NYSE:BHP) dramatic, last-minute attempt to derail Anglo American’s (OTCQX:AAUKF) planned $53 billion combination with Teck Resources (NYSE:TECK) shows how competitive the race for copper has become.\nCopper’s strategic importance is also reshaping government policy. Securing supplies of copper and other critical minerals has become a matter of national security for the United States, which has unveiled billions in support through multiple agencies.\nThe largest single source of funding is the U.S. Export-Import Bank (EXIM). The bank plans to invest $100 billion as part of a broader effort to counter Western dependence on China and Russia.\n“We can’t do anything else that we’re trying to do without these underlying critical raw material supply chains being secure, stable and functioning,” newly appointed EXIM chair John Jovanovic told the Financial Times.\nEXIM has already provided a $1.25 billion loan for Barrick’s (NYSE:B) Reko Diq project in Pakistan, and Jovanovic said the bank is now working on several additional critical-minerals transactions “orders of magnitude larger,” though he offered no further details.\nRead Next:\nImage by Siwakorn TH via Shutterstock","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.10","shortVersion":"4.35.10","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2586278874","isCrawlerRequest":true}