Primary copper supply is set to fall short of demand through 2027, with the deficit forecast to peak at around 4.5 million tons after 2025 as pricing begins to reflect the tighter market. Read more: https://t.co/dzgdq96mQ6
Why now
Thesis: Projected copper deficit tightens balances, supporting prices and miner margins
Catalyst to watch: Supply data and demand from electrification
Main risk: Demand slowdown widening surplus instead
Why it matters
A projected multi-million-ton deficit tightens copper balances, supporting prices and miner margins.
Details
Primary copper supply is set to fall short of demand through 2027, with the deficit forecast to peak at around 4.5 million tons after 2025 as pricing begins to reflect the tighter market. Read more: https://t.co/dzgdq96mQ6
Related assets & topics
CopperCopper (COMEX) · HG=FGlobal X Copper Miners ETF · COPXFreeport-McMoRan · FCXSouthern Copper · SCCOSources
- x · 2026-09-22 02:31 UTC