Big copper shortage to pose ‘systemic risk’ to global economies, warns S&P
Data group forecasts deficit of 10mn tonnes by 2040, equivalent to nearly one-third of current global demand
Data group forecasts deficit of 10mn tonnes by 2040, equivalent to nearly one-third of current global demand

New data highlights the need for processing of the metal vital for power grids and electronics, rather than stockpiling

Analysts expect demand for industrial metal to outstrip mined supply by 2030s

Market hit by disruption to production and Donald Trump’s tariffs

Executives predict Beijing’s tighter controls will lead to production delays and higher prices

Ivanhoe founder Robert Friedland says trade and political disputes will have far-reaching consequences for supply chains

Data centres and green grids are heavy users of the red metal, but mine supply is stagnating and new discoveries are rare