Wall Street Bets on Copper Prices: 2026 Target to Break $10,000, Supply-Demand Logic Challenges the Three Major Metals

[Crypto World] A certain Wall Street investment bank recently crowned copper as the “darling” of 2026, setting a target price of $10,710 per ton. Their logic is actually pretty hardcore: there’s only so much mining capacity, while infrastructure projects like power grid upgrades are devouring copper like crazy, so the supply-demand gap is obvious. What’s more, if the US really rolls out tariffs, the global copper market could get even tighter.

Here’s an interesting comparison—the same institution isn’t nearly as bullish on aluminum, lithium, or iron ore. They predict that due to increased supply, the prices of these three commodities will plunge by 18%, 23%, and 17% respectively next year. So the conclusion is straightforward: now is the time to bet on copper longs.

This move is essentially a gamble that supply-side constraints will withstand the structural explosion in demand. Electrification and the energy transition really do provide long-term support for copper.