4 Charts That Explain the Copper Supply Crunch Investors Should Watch

Copper demand is projected to exceed supply with a widening gap after 2030, driven by increasing costs, declining ore grades in mature mines, and permitting challenges. Over 60% of incremental copper demand through 2040 will come from AI data centers and energy transition initiatives. While technological improvements and substitution effects may provide some mitigation, the structural supply constraints suggest long-term bullish prospects for copper and copper-related investments.