21.01.2026 10:50
Morgan Stanley stated that due to digital transformation and the impact of energy investments, copper will become the most strategic investment vehicle by 2026, surpassing gold, with a potential price increase of 20-35%.
As global markets see a rise in gold and silver, a notable assessment regarding commodity markets has come from Morgan Stanley. The bank predicts that by 2026, copper will surpass gold to become the most strategic investment vehicle due to the effects of digital transformation and energy investments.
WARNING OF SATURATION IN GOLD AND SILVER
The report published by Morgan Stanley highlights that investor interest in safe havens continues due to geopolitical risks and inflation, but prices of precious metals are approaching saturation levels. According to the analysis, it is expected that in the upcoming period, investors' focus will shift to copper, which is the primary raw material for industrial and technological transformation.
COPPER DEFINED AS "NEW GOLD"
In the bank's assessment, copper is positioned not only as an industrial metal but also as "new oil" and "new gold." The increasing investments in data centers, electric vehicles, and renewable energy infrastructures, driven by the widespread adoption of artificial intelligence technologies, are rapidly boosting the demand for copper.
ENERGY TRANSFORMATION AND SUPPLY SHORTAGE IMPACT
The report indicates that the need for copper in the transition to green energy has increased exponentially compared to existing systems, while delays in new mining projects have limited global supply. It was noted that this imbalance creates strong upward pressure on prices.
EXPECTATION OF UP TO 35% INCREASE
The Morgan Stanley Commodity Strategy Team stated that copper plays a key role in the global electrification process, noting that a period has begun where supply cannot meet demand. The bank announced that it expects copper prices to increase by 20% to 35% in the next 12 months.
WARNING TO INVESTORS ABOUT MINING COMPANIES
The report stated that gold and silver will continue to serve a protective role in portfolios, but the highest return potential is found in copper, where the demand structure is more stable. Analysts emphasized that investors should closely monitor not only physical copper but also mining companies operating in this field.
* This is not an investment advice