Flagship Report
March 2026
Global copper demand is projected to outstrip supply by 2028. We examine the structural deficit, new project pipelines, and implications for M&A activity.
Global copper demand is being reshaped by electrification, renewable energy buildout, and the proliferation of electric vehicles. Each EV requires approximately 83 kilograms of copper — four times more than a conventional vehicle.
On the supply side, major producing regions face grade decline, permitting delays, and rising capital intensity. Chile, the world's largest producer, saw output fall 8% year-on-year in the latest reporting period.
This report analyses the structural supply-demand imbalance, profiles the most significant new project pipelines, and assesses the M&A implications for copper-focused resource companies across our coverage universe.
Contact our team to receive this report in full, or to discuss the themes and implications for your business.
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