Last updated: 2026-01-08 17:35:31 ET
The consultancy warns new AI, defence and robotics uses could strain copper supply without major gains in mining and recycling.
Copper prices hit a new record high, but is the metals trade 'stretched'?
Across the Americas, control of copper and oil has shaped coups, interventions and the struggle for economic sovereignty.
Mount Milligan, ranked as a mid-tier project by reserve size and grade compared to other mines in BC, had already received a two-year extension.
Investor sentiment, firm metals prices and 2025 milestones lifted gold, silver and copper leaders in December.
Supply disruptions, tariff fears and strong demand expectations pushed copper past $13,000, raising questions on the rally's limits.
Benchmark futures on the London Metal Exchange rallied as much as 4.3%.
The facility, with a steady-state capacity of 500,000 tonnes per annum, would be the largest in Africa once ramped up.
