Copper prices at record high, analysts see a further 26% jump

After the equivalent of $68 billion worth of copper lots exchanged hands in 24 hours yesterday, copper prices are now sitting at $11,640 a tonne - up 35% so far in 2024.

While this comes as good news for copper investors, it may not be too late to get in the game for those who are on the fence.

Previous Goldman Sachs analyst, now Chief Strategy Officer of Energy Pathways at Carlyle, Jeff Currie sees copper prices going up to $15,000 a tonne (a 26% increase of current record highs).

Currie was in a recent interview with Bloomberg that copper “is the highest conviction trade I have ever seen”.