Although the price has currently fallen below US$11,000 per ton of copper, the signs for higher prices are good.
Advertisement/Advertising - This article is distributed on behalf of Mogotes Metals Inc. and Meridian Mining UK Societas, with which SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: 17.11.2025, 7:00 p.m. Zurich/Berlin
Weak domestic demand, the reopening of the Grasberg mine in Indonesia, and rather weak economic data from China (construction and manufacturing) are still holding back price increases. However, there are fundamental concerns about the supply of the reddish metal. Reports from Chile, the most important copper-producing country, indicate a decline in copper production. At the same time, demand for copper is rising steadily. Ore grades in mines are declining, and it takes many years for new deposits to reach production. As a result, the gap between supply and demand is widening.
According to preliminary data, global copper production rose by around 2.2 percent in the first eight months of 2025. Chile increased production by 1 percent during this period, Peru by 2.6 percent. In Indonesia, production fell by around 30 percent. Copper stocks on the major metal exchanges rose by a good 23 percent compared to the end of December.
The reason for the fundamentally good situation for copper is increasing electrification and decarbonization. Energy security is a key concern for many governments. According to a study by the IEA in the World Energy Outlook, around 730 million people still live without electricity. Energy is now a central issue for economic and national security. Spending on electrification and power supply alone accounts for half of today's global energy investments. Electricity is the main source of energy for sectors that account for more than 40 percent of the global economy. Copper is therefore likely to be in high demand, as are mining companies with copper.
Mogotes Metals - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ - owns copper and gold projects in Argentina and Chile. The Filo Sur copper project (Argentina) appears particularly promising.
Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - has the promising Cabaçal project (copper, gold, silver) in Brazil in a region with a well-developed and productive mining sector.
Current company information and press releases from Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -) and
Mogotes Metals (- https://www.resource-capital.ch/en/companies/mogotes-metals-inc/ -).
Sources:
https://www.sg-zertifikate.de/ideas-news/details/kupfer-positive-angebotsnachrichten-fuer-den-kupfermarkt;
https://iea.blob.core.windows.net/assets/af5ac385-8fce-4cc7-8c73-107a3aade95e/WorldEnergyOutlook2025.pdf.
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