Deutsche Bank Forecasts Copper Price Could Rise About 55 Percent by 2027

According to ArzDigital, Deutsche Bank forecasts copper prices will reach about 22,050 dollars per ton by the second quarter of 2027, a roughly 55 percent rise from current levels. In the short term, however, copper is under pressure: the three month contract on the London Metal Exchange fell more than 2 percent over the week ending Thursday, October 1, 2026, closing near 14,243 dollars per ton. Rising oil prices, a stronger US dollar and weaker than expected Chinese data, including a slowdown in industrial profit growth to 4.2 percent in August from 11 percent in July, have weighed on copper in the near term. Deutsche Bank says shrinking visible global copper inventories, which it expects to be about 71 percent concentrated in China and the United States by the end of 2026, will support prices over the longer term.