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BloombergNEF released a global copper market supply and demand report on October 23, 2026. The report states that the global copper market will enter a "large-scale long-term shortage" starting in 2028, with the supply gap reaching 8% of demand in 2035 and further expanding to 44% by 2050. The report also mentions that the London Metal Exchange copper price hit a record high of $14,875 per ton last month, up 76% cumulatively from early 2024; mine development cycles of up to 15 years, declining ore grades and insufficient investment constrain supply, and the copper shortage may raise the cost of the energy transition. The report is currently covered by Wallstreetcn, with no other follow-up developments for now.
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BloombergNEF: Global copper shortage may begin in 2028, supply-demand gap could reach 44% by 2050Developments
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BloombergNEF releases global copper market supply and demand report
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Oct 23
Wallstreetcn
BloombergNEF: Global copper shortage may begin in 2028, supply-demand gap could reach 44% by 2050
BloombergNEF released a report this week stating that the global copper market will face a "large-scale long-term shortage" starting in 2028, with the supply gap reaching 8% of demand in 2035 and further widening to 44% by 2050. The London Metal Exchange copper price hit a record high of $14,875 per ton last month, up 76% cumulatively since early 2024. Mine development cycles of up to 15 years, declining ore grades and insufficient investment constrain supply, and the copper shortage may raise the cost of the energy transition.