Copper price grew by 15.2 percent in November. It was the biggest growth since 2010. The copper market was stagnant for few years. The prices at the moment are too low and producers are reluctant to increase production or develop new sources. They are waiting for prices to rise. Probably, November became the first point of the new growth period. Experts predict price growth after demand in China has grown because of road building. In fact, demand will grow more and more, and some of the economists expect copper deficit and high prices as a result.
Leading international agencies made the following copper price predictions:
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As you examine commodity prices and forecasts, you may also be interested in economic forecasts for the G20 countries across the following indicators: GDP growth | inflation | unemployment | government debt | current account balance | external debt.