Copper Prices Soar Past $14,300 as Supply Struggles Persist

Copper prices have reached an all-time high of over $14,300 per tonne due to a fundamental supply deficit and growing demand from electrification and electric vehicles.

The long timeline to bring new mines online, which can take up to 17.5 years, is contributing to the supply struggles, along with the need for significant investment, especially in higher-risk regions.

Analysts from Sprott, Jefferies, and Wood Mackenzie expect copper scarcity and prices to rise further over the next decade, with strategic government actions and tariffs potentially tightening the market.