Kunkel Capital Research

Commodities

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Kunkel Capital Research

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Copper deficit cover image showing the structural gap between mine output and green energy demand

Copper Deficit Widens as Green Demand Outpaces Mine Supply

The copper supply gap isn't a forecast anymore. Mine output has flatlined while EVs, grid buildouts, and renewables stack new demand that didn't exist a decade ago. The deficit is real, and it's showing up in concentrate markets, warehouse stocks, and smelter economics.

Kunkel Capital Research · Apr 16, 2026 · 8 min read