Infographic | The future of the copper market

October 28, 2024 / www.woodmac.com / Article Link

Access our research platforms

Sign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.

The copper market is on the brink of transformation, driven by increasing demand for copper-intensive technologies and the urgent need for sustainable practices across the metals and mining industry.

Our interactive copper infographic offers a comprehensive overview of the future of the copper market, detailing the key trends and projections that will shape the industry through 2034.

Fill out the form at the top of the page to download the infographic, which explores:

  • Demand drivers: An analysis of the primary factors fuelling copper demand, including population growth, urbanisation, electrification and the global push for decarbonisation.
  • Supply dynamics: Insights into projected mine output, with the anticipated peak of 25.7 million tonnes by 2026 and the looming supply gap of 4.7 million tonnes by 2034 emphasising the need for timely project sanctions.
  • Price projections: A look at the expected fluctuations in copper prices, with near-term peaks projected at US$10,073 per tonne, and long−term forecasts indicating a steady price of US$8,267 per tonne by 2034 (in constant 2024 US dollars).
  • Regional growth trends: An overview of refined copper capacity growth across key regions.

Download the infographic

Fill out the form at the top of the page to download your free copy now. 

Recent News

Mining sector far outpaces tech over past three years

September 21, 2026 / www.canadianminingreport.com

Gold stocks down with GDXJ outperforming on rebalancing

September 21, 2026 / www.canadianminingreport.com

Copper slides as US apparently wavering on tariff hikes

September 14, 2026 / www.canadianminingreport.com

Historically huge distortion in global copper inventory balance

September 14, 2026 / www.canadianminingreport.com

Gold stocks pause along with metal price

September 07, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok