Copper Supply Crisis Looms as Mine Disruptions Threaten Global Market Balance
Major copper mine accidents and operational challenges are creating significant supply constraints that will impact refined production through 2026. The International Copper Study Group has dramatically revised its forecasts, predicting a market deficit after two years of surplus as mine growth stalls.
Copper Mine Disruptions Trigger Supply Crisis Forecast
The global copper market faces a significant supply deficit in 2026 despite slowing demand growth, according to reports from the International Copper Study Group (ICSG). The industry organization has dramatically reversed its previous surplus projections, now forecasting a 150,000-metric-ton shortfall that reflects what analysts suggest is an unusually severe year for mine disruptions.