Miners' reluctance to start large-scale greenfield projects may lead to a copper deficit in the next few years.
Copper
One of the world’s largest commodity traders expects copper prices to rise by a third from current levels due to a global shortage.
Development of the Udokan deposit near China is set to mitigate a looming global copper deficit.
Copper will become a key resource in the effort to reach global climate targets. Some companies are already leading in sustainable mining.
Copper is critical to the global green energy system and requires sustainable development of untapped deposits, says Alisher Usmanov.
Auto fleets shift to electric vehicles (EVs) in a global drive to cut carbon emissions will involve a deficit of copper that could transform markets, and spur additional supply.
Electric vehicle ambitions are adding fuel to copper markets in what might be the start of a commodities supercycle.