Most Major Copper Discoveries Since 1990 Are Still Not Mines.

In May 2025, a joint venture of Lundin Mining and BHP released a resource estimate for its Vicuña district in the Andes, which S&P Global ranked as home to the largest greenfield copper discovery in 30 years. Per the same resource statement, the combined Filo del Sol and Josemaria deposits hold 13 million tonnes of contained copper in measured and indicated resources.

October 7, 2026

1 min

China Holds 56% of the Capacity at the World's 21 Largest Copper Refineries

Indonesia's circle on the map above stands for a single plant: the Manyar refinery in East Java, operated by PT Freeport Indonesia, with 480,000 tonnes a year of capacity, according to the International Copper Study Group. It has been shut since the fourth quarter of 2025, after a mudflow at the Grasberg mine cut off its concentrate supply, and is due to restart this month at below 30% of capacity.

September 23, 2026

1 min

Ranked: The World's Largest Copper Mines (2025)

Copper has spent 2026 setting records, touching an intraday COMEX high of $6.71 per pound on May 13 amid AI-driven demand and supply shocks, against a backdrop where the ICSG now forecasts a 150,000-tonne deficit for 2026. In a market this tight, where the deficit thesis turns on lost tonnes, the question of where the world's copper actually comes from carries unusual weight.

June 5, 2026

2 min

Copper on Track for Its Highest Monthly Close on Record: A Look at the Drivers

Copper has spent most of 2026 doing something it had not done in a quarter century: setting fresh records every few weeks. The COMEX contract printed an intraday all-time high of $6.71 per pound on May 13, and the May monthly close looks set to land at the top of the historical chart. In London, copper traded above $14,000 per tonne in mid-May, touching $14,196.50, within reach of the LME's January 29 record of $14,527.50.

June 1, 2026

2 min

The Cost of Mining Copper: A 2024–2025 Update

Copper futures touched an all-time high above $6.58 per pound on May 12, 2026, capping a 40.86% gain over the prior twelve months as supply tightness collided with structural demand from grid build-out, electric vehicles, and AI data centers. Earlier in the year, the LME benchmark rallied 22% to a record $13,387 per tonne on January 6, 2026. Behind the price action lies a less-discussed story: what it actually costs the world's largest miners to pull a pound of copper out of the ground.

May 14, 2026

2 min

Copper Production Q4 2025

As power-hungry AI data centers drive a projected 2-million-ton surge in global copper demand by 2030, market attention remains fixated on the supply side. Fourth-quarter 2025 metrics provide a definitive look at how the world's top miners closed out the year. While overall volumes remain heavily concentrated among a few historic industry giants, the true Q4 narratives emerged further down the list, as mid-tier producers leveraged flagship asset expansions to hit multi-year highs and offset the sector's ongoing struggle with declining ore grades.

May 5, 2026

2 min

Copper Market Balance: A Look at 2026 Deficit Forecasts

For years, analysts modeling the global copper market were comforted by a reliable buffer of surplus supply. But as our latest data visualization reveals, that cushion has violently evaporated. The International Copper Study Group (ICSG) has officially abandoned its projected surplus for 2025 to officially forecast a 150,000-metric-ton deficit for 2026—the market's first structural shortage since 2009. Wall Street is bracing for an even harsher reality.

March 25, 2026

1 min

The 17.9-Year Lag: Can Copper Supply Keep Pace with the AI Revolution?

The AI revolution is often described in terms of "compute" and "algorithms," but on the ground, it is a story of heavy metal. While a software update can scale globally in seconds, the physical infrastructure required to house it, specifically the copper needed for power and cooling, is hitting a geological and bureaucratic wall.

March 19, 2026

1 min

The Copper Paradox: Why We Are Swimming in Resources but Facing a Supply Crunch

The global copper market presents a striking contradiction: we possess enough copper to sustain humanity for centuries, yet the industry warns of looming deficits.

February 2, 2026

3 min

Copper Production Q3 2025

Q3 2025 proved challenging for the global copper industry. Strong demand from electrification and infrastructure met sharp supply-side disruptions.

January 8, 2026

3 min

UBS Outlook: Copper to Hit $13,000 by 2026

If you are tracking the commodities market, the latest note from UBS—the world’s largest global wealth manager—signals a "perfect storm" for copper, as reported by Reuters.

November 26, 2025

2 min

Copper Production & Population Growth

Copper is an essential metal for modern civilization. While often working behind the scenes, it is a fundamental component in everything from household wiring to advanced electronics.

November 5, 2025

2 min

Charted: 175 Years of Copper's Epic Journey

Often called "the metal with a PhD in Economics," copper's price has long been a crucial barometer for industrial progress, global conflict, and technological revolution.

June 27, 2025

3 min