Copper Price Forecaster

Benchmark: One year ago $4.53 → Now $6.33 (Spectator Index)

Macroeconomic Scenarios

Underlying Historical Prices

Past (1 Yr Ago) $4.53

Current Spot $6.33

Fundamental Elasticity & Mine Shocks

Grid & EV Demand Growth +8.5%

Mine Output Deficit +4.2%

Global Visible Inventories (kt) 185 kt

          Annual Growth (CAGR)
          39.74%
          Trailing 12-month return
        

Market Balance Severe Deficit Inventory < 200 kt buffer

Year 1 Projected $8.85 Expected / lb (USD)

Year 3 Projected $17.32 Compounded trajectory

Copper Multi-Year Trajectory & Horizon Bounds

Historical Benchmark

Model Projection

Horizon Milestone Ledger

Horizon	Price Target	Cumulative Delta	Implied Volatility Buffer