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Mining megadeals are poor fix for copper shortage...
06 Oct, 2025 12:33 232 min read
A severe and prolonged copper deficit is anticipated as soaring demand from the green energy transition outpaces stagnant supply, with projections showing a gap of nearly 13 million tons by 2035. While high prices should incentivize new mines, development is stifled by soaring capital costs, lengthy timelines, and operational setbacks. Major mergers like Anglo American and Teck offer a temporary fix by optimizing existing assets but fail to address the need for new global supply. The inevitable result is forecasted spiraling copper prices, which will impose higher costs on manufacturers worldwide for years before any new projects can meaningfully close the deficit.... More