World Bank raises copper forecast 18% to US$13,000 per tonne for 2027
The World Bank raised its 2027 copper price estimate by 18% to US$13,000 per tonne, about US$5.90 per pound, according to its October outlook report. The institution attributes the upward pressure to demand from power grids and data centers, while new mines struggle to expand supply. The projection is 1.5% below the US$13,200 average estimated for 2026. It also raised forecasts for tin and zinc and cut those for gold and silver.
In 40 seconds
- The World Bank raised its 2027 copper estimate by 18% to US$13,000 per tonne (about US$5.90 per pound).
- Demand from power grids and data centers supports prices, while mine supply grows slowly due to development cycles of more than a decade.
- Tin rises 22% to US$45,000 and zinc 13% to US$3,100 for 2027; iron ore stays at US$95 per dry tonne.
Read the full story at Reporte Minero
IASummary generated by artificial intelligence from a story by Reporte Minero. It may contain errors: the original source prevails.
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