Market Analysis: Profit Taking Triggers Copper Price Decline, Market Remains Optimistic About Outlook

According to Golden Ten Data on May 14, after surpassing the $14,000 per ton mark, copper prices fell back due to profit-taking. Nevertheless, Tony Sage, CEO of Critical Metals, pointed out in a recent report that thanks to long-term demand from artificial intelligence infrastructure, grid modernization, and the global energy transition—along with constrained supply—market participants remain bullish on the outlook for copper prices. He added that in the long run, the copper market could face potential supply shortages, which would provide support for copper prices.