<div id="readability-page-1"><div><p>HSBC Global Investment Research published a report noting that copper prices surged to a new peak in early May before retreating amid risk-off sentiment. Despite the pullback, the bank believes copper prices will remain at elevated levels, supported by resilient end-user demand, ongoing supply disruptions, and new uncertainties arising from potential US trade measures. As a result, it raised its average copper price forecast for 2026 by 6% to USD6.12 per pound, increased its 2027 forecast by 7% to USD5.81 per pound, and lifted its 2028 forecast by 3% to USD5.3 per pound, while maintaining its projections for 2029 to 2030 and the long term unchanged.(gc/u)</p></div></div>

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<p>HSBC Research raised its copper price forecasts for 2026, 2027, and 2028 by 3% to 7%, citing sustained strength from resilient demand, supply disruptions, and US trade uncertainties. The bank increased the 2026 average forecast to USD6.12/lb, 2027 to USD5.81/lb, and 2028 to USD5.30/lb, while keeping long-term projections unchanged.</p>

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HSBC Research Raises 2026-2028 Copper Price Forecasts by 3% to 7% on Sustained Strength