Multiple institutions warn that a significant supply-demand gap in the copper market is approaching.

K-LinePoet · 2026-03-21T00:53:06+00:00

According to S&P Global research, the global copper market will face a shortfall of 10 million tons by 2040, with demand expected to grow 50% to 42 million tons. ING predicts that the refined copper deficit will reach 600,000 tons in 2026, and as economic development and infrastructure needs increase, copper consumption will continue to rise.

K-LinePoet

2026-03-21 00:53:06

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According to a study by S&P Global in January of this year, by 2040, the global copper market will face a supply gap of 10 million tons, with demand expected to surge to 42 million tons, an increase of about 50% from current levels. Meanwhile, ING predicts that due to existing supply constraints in the market, after a refined copper shortfall of 200,000 tons in 2025, the gap will expand to 600,000 tons in 2026. Charles Cooper, Head of Copper Research at Wood Mackenzie, stated, “As the economy develops, the demand for infrastructure increases; the more infrastructure there is, the more energy is needed, and more energy means higher copper consumption.” (Cailian Press)

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