#CopperDeficit

Why is this trending?

Global copper markets face a confirmed structural deficit of 150,000 to 600,000 tons as reported by ICSG, JPMorgan, and ING, with peak production expected around 2026-2028 and demand nearly doubling by 2050. Copper prices hold above $12,000 per ton despite short-term pressures from the Iran war. Ivanhoe Mines will release an updated technical report for its Kamoa-Kakula mine on March 31, 2026.