Copper is facing a massive supply crisis, with a projected deficit of 10 million tonnes by 2040, equivalent to about a third of today's demand. Demand is expected to jump from 28 million tonnes in 2025 to 42 million tonnes in 2040, driven by growing needs in electric vehicles, renewable energy, power grids, and electrification.$XAG

Key drivers:

- Asia accounts for 60% of demand growth

- EV adoption and electricity upgrades fuel demand$RIVER

- AI data centers to increase copper usage by 127% to 2.5 million tonnes by 2040

Supply constraints:

- Production peaks at 34 million tonnes in 2030, then falls to 32 million tonnes in 2040

- Copper is becoming a strategic resource, critical for the global Economy.$AUCTION