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Copper upside building on tight supply
Copper supply has seen a wave of disruptions this year, tightening the 2025 and 2026 balance, most recently Freeport’s declaration of force majeure at its giant Grasberg mine in Indonesia. Grasberg is the world’s second-largest copper mine, contributing around 4% of global production. Two minor mining areas recovered production as planned in November, while the main area, which is responsible for 70% of output, is expected to slowly resume operations next year. A full recovery is expected in 2027. The disruption at Grasberg has added to the already high number of supply disruptions this year, including the ... (full story)
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