25 Sep 2025 | 5 Mins Read
Copper's rising value may soon match that of gold
Flipitmoney
Global copper prices surge after Grasberg, the world's second-largest mine, halts production, citing a 35% cut in 2026 production outlook and output not returning to pre-incident levels until 2027. Goldman Sachs trims supply estimates, predicting copper prices to rise to $10,200-$10,500 by December 2025 or higher to $10,750 a ton by 2027 driven by demand from decarbonization and electrification.