Copper Supply at Risk of Decline Amid Disruptions and Weak Output

Copper mine supply risks are poised to decline for the first time in nearly a decade, according to Sprott Asset Management. Global mined copper production could fall this year due to disruptions, declining grades, and weak Chilean output.

The last time there was a decline in global mined copper production was in 2017. This marks a significant shift as prices have reached records, but the industry's response has been slow.

Sprott Asset Management notes that despite higher prices, miners are struggling to increase production quickly enough to meet demand.