Bob Burror
Copper price expectations have been increased for 2028 and for the medium term, indicating strong consumption growth and extremely low metal inventories.
The agency’s analysts predict a 2-3% rise in global refined copper usage in 2025-2026, fueled by strong demand, especially in China, even with a declining global economy. Copper availability is anticipated to rise by 1.5-2% during 2025-2026.
Fitch anticipates that aluminum demand will rise from approximately 74 million tonnes this year to 80 million tonnes by 2030, supported by new capacity to fulfill this requirement.
The upward revision of the 2028 zinc price prediction indicates a greater probability of a worldwide shortfall this year.
The increased 2025 platinum group metals prediction mirrors this year's price trends.
The elevated near-term lithium price expectation signifies the recent steep increase in spot prices after a three-month halt in mining activities in China, responsible for approximately 6% of global lithium output. The new 2028 prediction indicates anticipated growth in demand from electric vehicles, according to the report.
source: tradingeconomics.com
The agency’s analysts predict a 2-3% rise in global refined copper usage in 2025-2026, fueled by strong demand, especially in China, even with a declining global economy. Copper availability is anticipated to rise by 1.5-2% during 2025-2026.
Fitch anticipates that aluminum demand will rise from approximately 74 million tonnes this year to 80 million tonnes by 2030, supported by new capacity to fulfill this requirement.
The upward revision of the 2028 zinc price prediction indicates a greater probability of a worldwide shortfall this year.
The increased 2025 platinum group metals prediction mirrors this year's price trends.
The elevated near-term lithium price expectation signifies the recent steep increase in spot prices after a three-month halt in mining activities in China, responsible for approximately 6% of global lithium output. The new 2028 prediction indicates anticipated growth in demand from electric vehicles, according to the report.
source: tradingeconomics.com