Copper Prices Soar Amid Supply Shortage and Growing Demand

Copper prices have skyrocketed due to a structural supply problem rather than speculation about U.S. tariffs.

The global copper mine production fell by 1.1% in the first half of 2026, with major producers like Chile experiencing their weakest output in nearly two decades.

New discoveries of copper deposits have drastically declined since the 1990s, and the cost and time to bring new mines online have significantly increased.