Copper prices have declined by around 6% since the beginning of the December quarter, mainly due to market response to economic policy announcements from China and the impact of a rising US dollar. Prices are expected to average around US$9,220 a tonne in 2024 and rise to US$9,700 a tonne by 2026. 

Growth will primarily be driven by low emission technology and data centre deployment.

Australian copper export earnings are forecast to reach around $15.3 billion in 2024–25 and $16.2 billion in 2025–26.

(source: https://www.industry.gov.au/publications/resources-and-energy-quarterly-december-2024)