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Copper mining needs 332B investment to prevent crisis
Globally, copper mines require $332 billion in capital investments to avoid a record supply shortfall by 2050. Without sufficient funding, the deficit could reach 20 million metric tons. The shift towards electrification, especially in transportation and data centers, makes copper the most limited metal, with demand linked to electrification expected to increase by 89%. Worldwide supply is projected to decrease to 25.7 million tons by 2050, a 14.5% decline from current levels, amid delays in developing new mines that typically take an average of 17 years. This poses a threat of a persistent supply-demand gap until at least 2043. Chile remains the leading producer, although production is expected to decline to 4.8 million tons by 2050.
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