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JP Morgan expects copper prices at $11,000 in 2026

JP Morgan expects the global deficit in refined copper to grow to 160,000 metric tons in 2026 and continues to forecast copper prices averaging around $11,000 per metric ton next year, the bank said in a note dated Friday.

“Likely excess inventory builds in the U.S. in the coming months ahead of a tariff on copper sets up the potential to leave the rest of the world shorter of copper … setting the stage for our forecast bullish push higher over 2H25 towards $10,400/mt,” JP Morgan noted.

Source – Reuters

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    First, I had no idea that Arizona has a couple of nicknames one of them being “Copper State”. Pretty interesting fact.

    I wanted to share this article because there are mining companies here in the United States that are not talked about enough or just don’t get attention. Being interested in precious metals myself, I’d like to know what’s going on with this particular interest and certain information whether it pertains to me or not, but I felt this was interesting because the locals of this area in Arizona are having to deal with certain changes.

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    “You come here for some peace and quiet,” Corona de Tucson resident Kevin Kennedy said, “and a mine is anything but.” reported Brandon Loomis

    The neighbors and regional environmental groups all make the case that the Sky Islands in general and the Santa Ritas in particular are no place for a massive new mine with multiple open pits. The mountains are home to rare birds and occasionally rarer mammals, like the jaguar, and are considered one of the nation’s most biologically diverse mixing zones of tropical, desert and Rocky Mountain species.

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    Source – Arizona Republic

    Would you like to see more?

    I will soon do an article on copper and it’s investing benefits, pros and cons in the near future but please let me know if this is something you would like to see or if you like the news style.

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  • Victoria’sCoin Joins the Money Metals Exchange Affiliate Program

    I am very proud to announce that Victoria’sCoin – National Gold & Silver Dealer Directory is now an approved affiliate of Money Metals Exchange. This is a momentous milestone for me personally, as I have been working hard to secure trusted affiliates that align with the mission of this directory.

    Whenever you see me promote Money Metals Exchange, please know that I may receive a small commission. That support helps me continue building this directory, improving imperfections, expanding state pages, and creating more resources for collectors, investors, and precious‑metals buyers across the United States.

    Thank you for being part of this update, and don’t forget to support your local gold and silver dealers. For those who live too far from a shop, investing online is a helpful option and I’m proud to recommend Money Metals Exchange as a trusted resource.

    I look forward to partnering with more reputable affiliates in the near future.

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