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Business Today

Copper supply could peak before demand: Why a 30% shortfall is hard to fix

AI Market Summary
Copper's structural deficit narrative is intensifying: Teck and the IEA flag a potential 30% supply shortfall by 2035, with existing mine output possibly peaking near 2029. Data-centre, grid and EV demand compounds the squeeze, while 15–20-year mine lead times cap any supply response. Record LME prices near $14,700/t reflect tightening expectations, supporting copper upside while pressuring manufacturers' margins and encouraging aluminium substitution.
Impact level
● High
Affected assets
NCCO724COPPER2USD/USDT+0.27%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Global copper supply could struggle to keep pace with rising demand from AI data centres, power grids and electric vehicles, with projections pointing to a potential 30% shortfall by 2035.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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