21/05/2026
According to a new report by S&P Global, copper faces significant demand pressure driven by electrification, digitalization and traditional sectors such as construction and transportation.
Global is projected to rise from 28 million metric tons in 2025 to 42 million metric tons by 2040, while mined supply is expected to peak around 2030. Without sufficient new mine supply and recycling capacity, the market could face a potential 10 million metric ton shortfall by 2040.
With new copper mines taking an average of 17 years from discovery to production, the long-term challenge is not only rising demand, but whether supply can keep pace. Copper remains critical to electrification, including electric vehicles, grid expansion and data centres.
🎥 Watch: Copper Demand to Outstrip Supply — BloombergNEF
https://www.bloomberg.com/news/videos/2025-12-08/copper-demand-to-outstrip-supply-bloombergnef-video