In 2023, Copper continues to be a vital part of the global commodities market. Known for its high electrical conductivity and malleability, copper is widely used in construction, power generation and transmission, electronic product manufacturing, and more.

Chile, Peru, and China are the leading producers of copper, utilizing their rich copper mines. Major consumers include China, the European Union, and the United States, where the demand is driven by the industrial sector, especially the construction and electrical industries.

When forecasting copper prices, Pricevision considers a multitude of factors. These include global copper production, demand from key consuming sectors, global economic indicators, and overall trends in the commodity market. We remind our users that commodity trading inherently involves risk, and potential price volatility. Hence, our forecasts should be seen as one part of a well-rounded investment strategy.

Moving forward, the demand for copper is projected to remain robust due to its crucial role in various applications, and the ongoing global shift towards green energy, which relies heavily on copper. Market dynamics could be influenced by factors such as mining policies, environmental concerns, and technological advancements in copper-using sectors. With Pricevision, we aim to provide users with detailed and timely price forecasts for Copper. Currently we have forecast for CME and MCX Market, we could also give forecast for SPOT markets as well.