Citibank Forecasts Copper Surge to $15k per Tonne
@Citibank released its 2026 Copper Book today, citing structural tailwinds and cyclical sensitivity pave path to $15,000 per tonne copper prices “We recommend medium-term investors and hedgers maintain a bullish copper posture for at least the next 12 months to take advantage of upside to $15,000 per tonne copper (ex-US) in our base case ($17,000 per tonne bull case). Opportunistic investors may look to hold positions through June 2026 to $14,500 per tonne US copper tariff fears and then look for a July pullback/dip buying opportunities in as these fears dissipate (our base case tariff view is no blanket tariff on cathode is announced)”
US PMI Recovery Set to Make Copper Top Performer
@Jefferies' analysis out this morning states that they expect the US to drive up all industrial commodities... with copper as the best performer. "Our analysis suggests the recovery in US PMI data should begin to feed through into copper demand in...
Buy Copper on Dips as Supply Tightens
Morgan Stanley's new copper outlook is out, and it says to buy on dips... "Copper is already trading near all-time highs, and net longs on COMEX are at a record level. However, with supply disruptions rising, US imports expected to stay...
Russia’s Sulphur Export Bans Tighten Market, Hike Prices
The global sulphur market continues to tighten: In addition to banning the export of its own sulphur, Russia has now also halted the export of Kazakh sulphur from Russian ports, its primary export route. This has particularly impacted net importers...
Quad Nations Unite on Scandium Supply Chain Initiative
After decades of hollowing out its own supply chains, the Quad countries are course-correcting with a smart initiative to pool resources to co-finance and co-develop critical minerals projects to fill the gaps. We are only getting started on this giant...
Gulf Nations Essential for Global Energy Security Amid Price Surge
Qatar, Saudi Arabia and the United Arab Emirates are foundational to energy security, and without energy security, we have nothing. If you were listening to this conversation in 2023, you would have thought it was all about production… That is a...
Sulphuric Acid Shortage Becomes New Metal Supply Bottleneck
The indefatigable genius, Craig Tindale, has done it once again with a deep-dive analysis on the supply crunch of the chemicals needed to make the world go round. The situation the world finds itself in has never before been articulated as...
Jefferies Predicts Copper Soaring Above $8 per Pound
Wall Street’s leading metals & mining analyst, Chris Lefemina at @Jefferies, just made this bullish comment on copper: “We had been accused of being too bullish on copper in recent years, but our price deck now appears to be overly conservative,...
Copper Scarcity Drives 77% Price Surge Since 2023
It's been three years since this fireside with @ErikSchatzker at @BloombergLive’s @QatarEconForum in 2023. The message is even truer now than it was then: copper is fundamental to the global economy and when it comes to supply, there’s just not...
Institutions Bet $22M on Copper Supercycle by 2026
Big money just spoke loud and clear on the LME. A monster Sept ’26 15,500–17,000 call spread traded in 5,500 lots for roughly $22 million in premium. That’s not retail noise, that’s institutional conviction betting copper is heading significantly higher by late...
China Drives Platinum Surge, Prompting South African Production Boost
China is pulling platinum into the country hard. A major Chinese refiner reports surging physical delivery demand on the new Guangzhou Futures Exchange platinum contract. Speculators and industrial users are opting for delivery rather than closing shorts, capturing the premium over...
Sulphuric Acid Prices Surge to $1,000 Amid Hormuz Closure
The smelter at our Kamoa-Kakula Copper Complex currently produces circa 1,300 tonnes per day of high strength sulphuric acid as a byproduct. In December 2025, when we commissioned the smelter, we were expecting to sell sulphuric acid for $200 -$250...
Accelerate Copper Discovery with Innovative, Faster Mine Development
This is a very clear way of explaining the complicated situation we find ourselves in… and copper sits at the epicentre. We need more innovative ways to make copper discoveries and quicker lead times for building new copper mines.
Santa Cruz Copper Project Boosts U.S. Energy Security
Ivanhoe Electric’s Santa Cruz copper project will be a key part of the future energy security and industrial independence of the United States.
U.S. Shipbuilding Lags; High‑Grade Iron Ore Boost Needed
America’s shipbuilding capacity has atrophied to just 8 commercial vessels last year, while our strategic competitors surge ahead. Closing this gap demands urgent reindustrialization: modern shipyards, resilient supply chains, and reliable sources of high-grade iron ore to feed American steel....