Cymber Metal Trading Co., Ltd. (hereinafter “Cymber”) has recently published its systematic outlook for the global copper market over the next five years, while simultaneously disclosing the company’s latest strategic adjustments in supply-chain management, financial hedging instruments, and regional deployment.
I. Core View: Copper Remains in a Long-Term Bull Channel, but Price Volatility Will Significantly Increase
Cymber believes that the refined copper market from 2026 to 2030 will maintain a tight balance to moderate deficit pattern, with the annual average price center expected to shift upward year by year within the range of US$10,800–12,500 per tonne. The primary drivers include:
- Hard incremental demand from power grid investments and data-center construction (projected annual compound growth rate of 4.8%–5.5%);
- Delayed capital expenditure cycles at the mining end, resulting in a slowdown in the pace of new supply coming online (global mined copper production growth of only 1.2%–1.8% per annum from 2026 to 2028);
- Constraints on the scrap copper recycling system in major economies due to environmental regulations and collection-rate bottlenecks, leading to lower-than-expected substitution elasticity.
At the same time, macroeconomic and geopolitical variables will cause price volatility to widen further compared with the 2021–2024 period. Quarterly price swings are expected to reach 18%–25%, creating greater hedging opportunities and structural profit potential for enterprises possessing comprehensive full-chain risk-management capabilities.
II. Phased Risk Alerts
From the second half of 2026 to the first half of 2027, a temporary window of supply–demand mismatch easing may emerge, primarily driven by:
- A pause in the peak of China’s power-grid investment cycle;
- A slowdown in data-center construction pace in Europe and the United States;
- Earlier-than-scheduled production ramp-up at certain new mines in Peru and Chile.
Should the Federal Reserve embark on a new round of interest-rate cuts in 2026, a rapid decline in the US dollar index would amplify copper’s financial attributes, potentially driving prices to spike sharply before retreating quickly.
Geopolitical conflicts or policy changes in major copper-producing countries (e.g., Chile’s mining tax reform or Zambia’s power crisis) continue to pose non-negligible supply-shock risks.
Mr. Meng Xiang Ji, Executive Director of Cymber Metal Trading Co., Ltd., commented:
“Over the next five years, the core contradiction in the copper market will no longer be simple aggregate shortages, but rather the timing windows of supply–demand mismatches and the intensity of price volatility. Companies that proactively secure long-term contracts, optimize logistics radii, and possess professional risk-management capabilities will achieve higher certainty of returns amid volatility.”ain management systems.
Post time: Nov-28-2025