Citi says copper is heading to $15,000 — copper miners give you amplified upside
Citigroup just published a bold forecast: copper could hit $14,500 per metric ton as soon as next month and $15,000 within a year. That's well above today's levels and would be a huge move for the industrial metal that powers everything from AI data centers to electric vehicles.
Idea
Copper is the backbone of AI infrastructure, electric vehicles, and renewable energy — three sectors seeing hundreds of billions in investment right now. Citi's analysts see a supply shortfall getting worse, not better, which means prices could keep climbing even if the economy slows. The key insight: copper mining stocks move two to three times as much as the copper price itself, so if copper rises 15% toward Citi's target, miners could gain 30–45%. Freeport-McMoRan (FCX) and Teck Resources (TECK) are among the largest and most liquid ways to play this.