Overview
- Anil Agarwal said the world is entering a 'New Copper Age' and argued India is positioned to become a global leader in it.
- Analyst Sujay U described copper as the backbone of future technologies and said it has the potential to reshape wealth over the next 5–10 years.
- Operational setbacks at Indonesia’s Grasberg mine and decade-long timelines for new projects are reinforcing expectations of tighter supply.
- Copper recently notched a nominal LME peak near $11,200 per tonne before cooling to about $10,720, with single‑day gains of 3–3.5% tied to supply news.
- Goldman Sachs and Citi see prices reaching roughly $11,000–$14,000 per tonne over the next few years, while BusinessToday reported the U.S. has listed copper as essential and plans to bolster domestic mining.