New Delhi: The insatiable demand for copper, mostly from AI data centres, power infrastructure and EV manufacturing industries, has resulted in the commodity rising almost 40% in 2025, with prices expected to reach up to $13,500 per tonne in the international markets, analysts say.
Currently, copper is trading at $12,100 per tonne, with domestic prices hovering around Rs.1,150-1,170 per kg.
“Factors are still variable for copper. We are expecting copper prices to test USD 13,500 per ton on the LME, and domestically, we can see prices moving to the level of Rs 1,350 per kg in the first half of 2026.” Ajay Kedia, founder of investment management firm Kedia Advisory told ANI.
“Looking at the silver-copper ratio also, we expect copper to be the next winner for 2026, with over substantial gain expected from current levels.” he added.
Copper has ultimately become the latest commodity to bask in the AI-led demand boom, joining silver as these metals are seeing an increasing demand from manufacturers associated with semiconductors, Electric Vehicles and power generation.
Despite the never-ending demand, the limited supply due to a lack of new mines and refnining capacity has pushed up prices dramatically. Analysts warn that unless significant investments in new projects are made on time, prices could rise even further, cascading into supply chain disruptions and price increases for a wide variety of products, such as chips, power equipment, Electric Vehicles, and more.
