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Copper's Looming Deficit: A 10-Million-Ton Shortfall by 2035
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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From miningweekly.com | Jan 8, 2026
Goldman Sachs raised its copper price forecast for the first half of 2026 to $12 750 a metric ton from $11 525 a ton on Thursday, citing a scarcity premium amid limited inventory coverage outside the United States. Benchmark three-month copper on the London Metal Exchange fell 0.5% to $12,831 per metric ton by 1310 GMT, after scaling a record high of $13 ...
CNBC's "The Exchange" team discusses global demand for copper amid the AI boom, market outlook and more with Daniel Yergin of S&P Global.
Both total nonfarm payroll employment (+50,000) and the unemployment rate (4.4 percent) changed little in December, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, and social assistance. Retail trade lost jobs. This news release presents statistics from two monthly ...
