Goldman Sachs has repeated its concern regarding an imminent ‘scarcity episode’ in global copper inventories, which could propel prices to a new high after copper briefly spiked at US$11,000 a tonne last month. In a new research report published yesterday, Goldman said copper is ‘sleepwalking towards...
The global copper industry must invest more than US$100 billion in new mines in order to close what could be an annual supply deficit of 4.7 million tonnes by 2030, CRU Group’s head of base metals revealed this week. Speaking at the 2022 CRU World Copper...
The International Copper Study Group (ICSG) has found that the deficit in the global refined copper market reduced faintly to 475,000 tonnes last year, compared to a 484,000 tonnes shortfall in 2020. In a new report, the ICSG said mine production grew by around 2.3% in...