Copper prices could rise by more than 75% by 2025, according to BMI, the research arm of Fitch Solutions. This will be facilitated, on the one hand, by problems with the supply of the metal, on the other - the growth in demand for it on the background of environmental initiatives and the popularity of renewable energy sources. Prices will be pushed up and the expected weakening of the dollar in the second half of the year, Profinance.ru reports the forecast of experts.

Most market participants expect the Federal Reserve to move to lower rates this year, which should lead to a decline in the dollar. The latter factor will increase demand for copper, as it will allow buyers using foreign currency to buy metal in larger quantities.

In addition, plans by more than 60 countries to organize global renewable energy capacity, recently announced at the COP28 climate conference, could provide copper with significant support, Citibank said.