""The result will be a shortfall of 10 million tons that represents a "systemic risk for global industries, technological advancement and economic growth," the report said.""
""The future is not just copper-intensive, it is copper-enabled. Every new building, every line of digital code, every renewable megawatt, every new car, every advanced weapon system depends on the metal,""
""Multilateral cooperation and regional diversification will be crucial to ensure a more resilient global copper system-one commensurate with copper's role as the linchpin of electrification, digitalization, and security in the age of AI.""
Demand for copper will increase 50% from current levels to about 42 million metric tons by 2040 while supply is projected to shrink in the coming years. A resulting gap of roughly 10 million tons will pose systemic risks to global industries, technological advancement, and economic growth. Copper prices have risen from just over $8,000 per metric ton in April 2025 to more than $13,000 amid tariffs and mining disruptions, and other precious metals have also surged. Major demand drivers include core economic sectors, electrification, AI data centers, high-tech weapons, and potentially humanoid robots; new mines take about 17 years on average to begin production.
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