An increase in the price of copper
According to the latest forecasts of the Australian Industry Organization, iron and zinc prices are expected to decrease by 2020; But the price of copper will increase
The organization has also announced that world industrial production growth peaked in the first half of this year, reinforcing the possibility that prices are generally at the peak of their cycle.
In the case of zinc, another factor is also influential. High prices encourage the establishment of new mines. As a result, it is expected that the price of this metal will decrease by 17% by 2020.
The resource and energy report also states that copper may ignore this trend and the slow growth of the supply of mineral products will not be able to meet the growing demand from the energy infrastructure side. Therefore, it is expected that in 2020, copper prices in the world markets will increase from $6,462 per ton this year with more than 20% growth to an average of $7,910 per ton.
