An essential metal in an electrified world.

AuAg Critical Insights is our long-form research format, where we take an in-depth look at the dynamics shaping metals, miners, and the broader global market.

This edition covers a detailed analysis of copper and the critical role it plays in the electrified economy, as well as its increased demand and growing scarcity.

Valuable takeaways:

• The world is electrifying faster than copper can be mined.
• Copper supply is constrained by underinvestment, fewer major discoveries, and long lead times.
• Global copper supply is highly geographically concentrated — Chile, Peru, and the DRC dominate upstream, while China controls more than half of refining capacity downstream.

Read the full essay here