Copper’s next shortage is structural, not hype: analyst
Copper is heading into a structural deficit from 2026 as demand from electrification accelerates faster than new supply, according to BloombergNEF, with geopolitical intervention now the single biggest force shaping metals markets.
In its December report, Transition Metals Outlook 2025, BloombergNEF says copper faces the most acute pressure among transition metals, driven by rapid growth in data centres, grid expansion and electric-vehicle adoption. Energy-transition demand for copper is set to triple by 2045, pushing the market into persistent deficit unless investment and recycling ramp up…
