PARTNER CONTENT

Copper supply struggling to match forecast demand

Americas-focused Mining Journal correspondent Paul Harris outlines the demand scenario for copper

Mining Journal
Copper supply struggling to match forecast demand

Americas-focused Mining Journal correspondent Paul Harris outlines the demand scenario for copper, considering the needs of a growing and increasingly industrialised global population, coupled with new demand from the electrification of the world as part of the fight to manage climate change.

Prior to the pandemic, market analysts were forecasting a looming structural deficit in the market due to ever-increasing demand and ever-shrinking supply.

This compares with similar conversations almost 20 years ago, when analysts began talking of an emerging supercycle for copper and other commodities as China industrialised and urbanised.

With decarbonisation and electrification now top of the agenda for governments across the world, the outlook for copper demand is even rosier, as the red metal plays a fundamental role in any action to advance such things: from hydro, wind or solar-power generation capacity; to transmission lines; to battery storage devices; to electric vehicles.

Analysts predict that decarbonisation and electrification will propel copper into a Copper boom as project deficit bites hard superdupercycle or stellarcycle as the whole world is involved this time, not just China.

But where will the copper come from? The outlook is not pretty given copper exploration has been underfunded for much of the past decade, projects take 15-20 years at least to advance into production, and new projects tend to be smaller, lower grade and more expensive than in the past.

This report aims to discuss the outlook for copper exploration and development projects with leading industry figures and the exploration protagonists seeking to advance projects to fill the supply gap, with a look at some of the jurisdictions where we can expect future new supply to come from.

/

Read the full 39-page report

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Q1 Mining Equities Report 2023

Discover new trends in mining investment with insights into capital raisings and share price performance of more than 2,500 companies.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.