Copper Demand Forecast to Rise 50% by 2040; Supply Projected to Peak in 2030

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Global copper demand was projected to rise by approximately 50%, moving from 28 million metric tons in 2025 to 42 million metric tons by 2040, according to an S&P Global outlook published in January 2026. The report indicated that primary mined supply was expected to peak around 2030 before beginning a decline. Companies cited in relation to these market…

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