Copper is currently priced at $4.50 per troy ounce, and expected to rise. These 2ea coins total 4 ounces, which translates into $18 worth of copper bullion.
The expected value of copper for the coming year shows a trend of gradual increase. Forecasts suggest that copper prices will range between $4.50 to $4.83 per pound by the end of 2024. This corresponds to approximately $1.44 to $1.59 per troy ounce (since 1 pound is equivalent to about 14.583 troy ounces).
Analysts attribute this price trend to potential supply deficits and strong demand from the energy transition sectors. Despite the current global economic uncertainties and the U.S. Federal Reserve's monetary policies, the overall outlook for copper remains bullish due to limited supply and steady demand growth.
For a more detailed forecast and the underlying factors influencing these projections, you can explore sources like S&P Global, Longforecast, and Techopedia.
Shipping / Handling Cost | Service |
---|---|
$12.00 | USPS Parcel Post (2 to 8 business days) |