What is happening to the price of copper in these turbulent times?

Advertisement/Advertising – This article is distributed on behalf of Arizona Sonoran Copper Company Inc. and Meridian Mining PLC, with which SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: March 11, 2026, 4:35 p.m. Zurich/Berlin

On the one hand, the conflict in the Middle East is weighing on the prices of industrial metals such as copper. On the other hand, rising energy prices are supporting these prices, with the copper market being energy-intensive. Over the decades, the price of copper has been on an upward trend. However, there have been significant fluctuations. Global demand for the metal is rising due to the energy transition, the expansion of renewable energies, and electromobility. Geopolitical uncertainties, declining ore grades in mines, and increased production costs are also driving up copper prices.

This raises the question of whether there is seasonality in the price of copper. This is true, at least in part. Unlike in winter, construction activity in the spring and summer months tends to push prices up. This can be seen when looking at copper prices on a monthly cycle since 1991. The price was highest on average in November and in the early months of the year. Based on demand estimates alone, experts anticipate a significantly higher copper price by 2030.

One important factor is, of course, China's construction and industrial sectors. According to China's latest work report, the government there is targeting economic growth of between 4.5 and 5 percent. According to estimates by the International Energy Agency, there will be a copper shortage of up to 30 percent by 2035. The reason for this is the age of electricity. "Copper is the raw material that really worries us," says a voice from the IEA, because rapid capacity expansion is probably not possible.

The Arizona Sonoran Copper Company - https://www.commodity-tv.com/ondemand/companies/profil/arizona-sonoran-copper-company-inc/ - owns the Cactus Copper Project in Arizona. It has a very good economic rating, simple open-pit mining is possible, a 22-year life is forecast, and the project is nearing operational readiness. Arizona Sonoran Copper will be acquired by Hudbay Minerals. Arizona shareholders will receive 0.242 common shares of Hudbay Minerals for each share. Shareholders who want to remain involved in this very promising project, and especially in the promising copper segment, should consider accepting this offer or switching to other promising copper companies.

Meridian Mining PLC (formerly Meridian Mining UK Societas) - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - owns the promising Cabaçal project (copper, gold, silver) in Brazil, located in a region with a well-developed and productive mining sector. The resources for the Cabaçal deposits have recently been expanded, which is encouraging news.

Current company information and press releases from Arizona Sonoran Copper Company (-https://www.resource-capital.ch/en/companies/arizona-sonoran-copper-company-inc/ -) and Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -).

Further information is also available in our new battery metals report at the following link: https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

Sources:

https://www.investing.com/news/commodities-news/ubs-raises-copper-price-target-on-supply-deficit-outlook-93CH-4530640;

https://www.boerse.de/prognose/Kupferpreis/XC0005705501;

https://www.spglobal.com/energy/en/news-research/latest-news/metals/120125-copper-faces-30-supply-deficit-by-2035-iea-warns-at-uk-summit

https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

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