We're heading into 2026 with copper supply increasingly unable to meet the relentless demand from:
– AI/data center buildout
– Grid modernization & electrification
– EVs, renewables, and broader energy transition
– Rising defense & Infrastructure needs
Analysts (S&P Global, J.P. Morgan, others) are projecting refined copper deficits starting as early as 2026, with structural shortfalls growing dramatically through the decade. Mine development timelines are 10-17 + years, ore grades are declining, and new discoveries are not yielding results fast enough.
This is not just another commodity cycle – it's strategic bottleneck that could reshape energy security, tech advancement, and global competitiveness. Copper may quietly become one of the highest-conviction trades of late 2020s.
What's your view on the copper squeeze-imminent multi-year bull run or temporary dislocation?
Read the full piece here: https://substack.com/home/post/p-188676779
Source: Latter_Clock_9458
2 Comments
There’s a gigaton of copper in existing mines. Your opinion on that?
Copper is pretty agressivey recycled. Dispose of all your small electronic devices and cables to recyclers. Transmission lines and substation busses use a lot of aluminum now.