Dichotomy in copper’s medium- and long-term outlook - The HinduBusinessLineSENSEX 76,886.91 -416.72NIFTY 23,995.70 -97.00CRUDEOIL 9,389.00+ 283.00GOLD 149,458.00 -2,263.00SILVER 236,100.00 -5,724.00SENSEX 76,886.91 -416.72NIFTY 23,995.70 -97.00NIFTY 23,995.70 -97.00CRUDEOIL 9,389.00+ 283.00CRUDEOIL 9,389.00+ 283.00GOLD 149,458.00 -2,263.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Copper finds broad economic applications — from infrastructure and mobility to household appliances — earning the moniker ‘barometer of the economy’. As seen from charts below, the structural drivers for copper demand are intact. However, the energy shock brought about by the war in West Asia has weighed on its medium-term outlook, tilting it to the downside. Elevated energy costs are likely to dent global economic activity, thus dampening copper’s demand. Conversely, a de-escalation in the conflict could support copper pricesPublished on April 28, 2026Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }