# Citi says copper is heading to $15,000 a ton — load up on copper miners

_AI-generated trading idea · LONG · COPX, FCX, SCCO_

> Canonical page: https://commonquant.ai/research/for-you/citi-says-copper-is-heading-to-15-000-a-ton-load-up-on-coppe--a4359bbc-2644-4676-a756-72d997ec08b5

Citigroup analysts just raised their copper price target to $15,000 per metric ton within a year, citing strong demand. Meanwhile, potential U.S. copper tariffs are also keeping prices elevated as traders stock up.

## Idea

Citi is one of the biggest banks on Wall Street, and their call for copper at $15,000 per ton within a year is well above where it trades now — signaling they see significant upside. Copper demand is being driven by AI data centers, electric vehicles, and global infrastructure spending. On top of that, the possibility of U.S. import tariffs on copper is pushing buyers to stock up before any duties kick in. Copper miners like Freeport-McMoRan and Southern Copper tend to amplify the metal's moves, so even a modest rise in copper prices can mean a bigger jump in these stocks.

## Key details

- Symbols: COPX, FCX, SCCO
- Timeframes: daily
- Tags: \#commodities, \#metals, \#analyst\_upgrade

## Community

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## News sources

- [Citi turns bullish on copper with forecast of $15,000 per ton within a year — here's why](https://www.cnbc.com/2026/06/01/citi-bullish-copper-forecast-metals-prices.html) — CNBC
- [Trump May Keep Copper Traders Guessing on Tariffs](https://www.bloomberg.com/news/newsletters/2026-06-01/trump-s-choice-on-copper-tariffs-may-keep-metal-traders-guessing) — Bloomberg

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