Is a surprise bull market for copper coming in 2024?
The Investing News Network reached out to the market watchers and insiders to get their best predictions for 2024, including top stocks and trends to watch!
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Craig Perry
Executive Chairman of Vizsla Copper
"Copper is set for a surprise bull market in 2024. With the forced closure of the Cobre Panama mine and ructions at other large mines, the market has been thrown into deficit. Expect to see higher prices in 2024. It’s never been a better time to load up on copper equities."
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Copper Price 2023 Year-End Review
2023 hasn’t been the strongest year for copper. Although it started off strong, the base metal has been influenced by supply and demand issues, and prices look set to end the year relatively flat. |
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Copper Price Forecast: Top Trends That Will Impact Copper in 2024
The copper price saw strong gains in the early part of 2023 before sinking through the year's second and third quarters. However, growth in Q4 allowed it close out the year close to its starting price. |
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ASX Copper Stocks: 5 Biggest Companies
Copper initially performed well after 2020's COVID-19 lockdowns, hitting an all-time high of US$10,729 per tonne in 2022. However, the red metal fell as low as US$7,000 when China implemented fresh restrictions partway through the year. |
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