Copper's Looming Deficit: A 10-Million-Ton Shortfall by 2035 | Metals Mine

  • Copper's Looming Deficit: A 10-Million-Ton Shortfall by 2035

    From beemarkets.com

    The global copper industry is on a collision course with a "structural deficit" between 2030 and 2035, requiring a massive ramp-up in production to meet skyrocketing demand. That’s the stark warning from Brandon Craig, president of BHP Americas. According to Craig, the market needs an additional 10 million tons of copper between now and 2035. This means the industry must boost output by roughly 40% above current levels within the next decade alone. This pressure is already reflected in the market. In January, copper prices hit a record high, with the London benchmark price approaching $13,000 per ton—a 40% ... (full story)

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