Global Copper Crunch Set to Deepen in 2026 as Supply Struggles to Keep Pace
Copper Supply Deficit to Hit 500,000 Tons in 2026, Driving Prices to New Highs, Mercuria Warns A tightening squeeze in global copper markets is expected to intensify next year, driving prices for both copper concentrate and refined metal to new highs, according to Mercuria’s head of metals research, Nicholas Snowdon. Snowdon — a prominent copper bull at the Geneva-based commodity trading firm — said the global copper concentrate market will face a deficit of roughly 500,000 tons in 2026, mirroring the shortfall anticipated for 2025. Concentrate is the raw material…
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