The long-term outlook for copper is excellent

The reddish metal plays a significant role in various growth sectors. Looking at the price of copper over the past 20 years, the metal has never been as valuable as it is today. In 2025, copper prices rose by around 42 percent, and in January 2026, the price surpassed the $14,000 per ton mark for the first time. Today, the price is not far from that mark. It is the combination of strong demand and geopolitical tensions, which could intensify further. There are supply bottlenecks linked to tensions in the Arabian Gulf region. Disrupted shipping traffic is affecting industrial feedstocks. It is sulfuric acid, without which copper cannot be extracted from oxide ore and, in some cases, cannot be processed.

If interest rates are cut, this would benefit not only gold and silver but also copper. This is because high U.S. benchmark interest rates make copper more expensive in non-U.S. dollar regions via a strong U.S. dollar. Investments in infrastructure projects, for example, would suffer as a result. If interest rates fall, however, a rise in the copper price would be expected. Even though the possibility of a rate hike in the U.S. is on the table, it is unlikely to be easily implemented. The U.S. debt mountain is high and growing. It is therefore not surprising that the U.S. president is a proponent of lower interest rates.

Citibank is now optimistic about the copper price and expects it to rise to $14,500 per ton as early as next month. For 2027, the bank forecasts a price of $15,000. The reason for this assessment lies in the uncertainties surrounding U.S. tariffs on refined copper and the expected normalization in the Strait of Hormuz. Sectors such as data centers, electric mobility, and the expansion of power grids are driving demand and prices for the metal.

Axo Metals (formerly Axo Copper) (- https://www.commodity-tv.com/ondemand/companies/profil/axo-metals-corp/ -) owns the La Huerta copper project in Mexico. It covers approximately 11,300 hectares and is a new copper discovery in the promising Sierra Madre belt. The latest drill results are extremely positive (for example, 2.26 percent copper and 6.29 grams of silver per ton of rock, as well as a 4.2-meter interval grading 3.69 percent copper and 9.33 grams of silver per ton of rock). Just recently, the company acquired Sapuchi Minera and, with it, the advanced San Antonio gold project (total resources at San Antonio amount to 576,000 ounces of gold and 1.37 million ounces of silver with a grade of 1.20 grams of gold per ton of rock and 2.9 grams of silver per ton of rock in the “Indicated” category and 544,000 ounces of gold and 1.76 million ounces of silver with a grade of 1.02 grams of gold per ton of rock and 3.3 grams of silver per ton of rock in the “Inferred” category) in Mexico.

Mogotes Metals (- https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ -) is in the exploration and development stage and owns copper, silver, and gold projects in the promising Vicuña District in Argentina and Chile. The Filo Sur copper project (Argentina) appears particularly promising, with drilling rigs currently in operation there. Encouraging drill results have already been published. A private placement recently injected new capital into the company.

Current company information and press releases from Axo Metals (-  https://www.resource-capital.ch/de/unternehmen/axo-metals-corp/ -) and Mogotes Metals (- https://www.resource-capital.ch/de/unternehmen/mogotes-metals-inc/ -).

You can also find further information in our new Battery Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2025-04/.

Sources: Axo Metals, Mogotes Metals,

https://www.wallstreet-online.de/nachricht/20921724-kupfer-gold-kupferpreis-startloechern-explodiert-kupfer-ausloesers;

https://de.investing.com/news/commodities-news/citi-wird-bullisch-fur-kupfer-preisziel-von-15000-usdollar-pro-tonne-in-sicht-3506494;

https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2025-04/.

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