Copper (COMEX active front-month future) closes above USD 7.00 per pound on September 30, 2026
Miss
✦ AI-generated prediction
Published on 23. August 2026
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Predicted for 30. September 2026
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Based on: Ongoing Event
Copper at $6.58/lb on August 21 (+47.85% YoY), trading in significant backwardation (widest of 2026). Structural drivers: AI data centre construction (~40 tonnes Cu/MW), energy transition (EVs, solar inverters, offshore wind), and chronic mine supply deficits from Chile/Peru (Codelco shortfall). $7.00/lb is +6.4% from current level in six weeks. Risks: China stimulus disappointment, USD strength, European recession. Open Cassandra: Caixin PMI August >51 (positive China demand signal).
Data basis for this prediction
- COMEX Copper: 6,58 USD/lb (21. August 2026, +1,79 % tägl., +47,85 % YoY — Argus Media / Metalcharts.org)
- Backwardation-Warnung: stärkste COMEX-Kupfer-Kurve 2026 (Argus Media, 21. August 2026)
- Wood Mackenzie: Kupfer-Angebotsdefizit 2025–2027 — Codelco-Produktionsunterschreitung (Aug 2026)
- Offene Cassandra-Prognose: Caixin Manufacturing PMI August 2026 über 51,0 Punkte (Veröffentlichung 1. September)
Note: This is an AI-generated statistical forecast for entertainment and information purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument.
Verdict: Miss
[Vorzeitig entschieden] COMEX Kupfer bei 6,56 USD/Pfund am 29. September 2026 (metalcharts.org). Für Schlusskurs über 7,00 USD am 30. September wäre +6,7 % in einer Sitzung nötig – angesichts der COMEX-Circuit-Breaker-Grenzen definitiv nicht erreichbar.
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