Copper Supply Risks Decline for First Time Since 2017

Copper mine supply risks have seen their first decline since 2017, according to Sprott Asset Management. Global mined copper production could fall this year for the first time in nearly a decade even after prices hit records.

The decline is attributed to disruptions, declining grades, and weak Chilean output. These factors expose how slowly miners can respond to higher prices.

Sprott Asset Management notes that while copper prices have reached records, the supply side has not kept pace. This mismatch between price and production could lead to a decrease in global mined copper production for the first time since 2017.