Axies Ventures retweeted
India’s copper demand grew 12% to 2.1 million metric tons in the year to March 2026, outpacing the country’s 7.7% GDP growth.
Data centers made up less than 1% of it, according to the International Copper Association India.
Infrastructure led instead, rising 29% and accounting for 22% of domestic consumption. Automotive demand rose 14% after a sluggish FY2025.
Growth accelerated from 9.3% the year before.
Source: ICA India via The Economic Times
Axies Ventures retweeted
#Copper - Yikes!! Panama commission urges orderly permanent closure of First Quantum’s Cobre mine mining.com/panama-commission…
Axies Ventures retweeted
Copper price sets fresh record as US tariff threat wipes out global surplus dlvr.it/TV9VmJ
Axies Ventures retweeted
The price of copper is up ~1.8% this morning as @Bloomberg reports "the metal’s spot price traded as much as $518.50 a ton above contracts for delivery in three months on the London Metal Exchange, the biggest gap since a major squeeze in 2021 that rocked the market. The backwardation structure is a hallmark of near-term demand outstripping availability."
Shanghai led the buying during this morning's rally. Copper metal continues to leave LME warehouses for China and the USA with greater desperation.
LME copper three-month futures are now ~$14,400 per tonne, and they are closing in on the all-time high of $14,527.50 per tonne.
bloomberg.com/news/articles/…
Axies Ventures retweeted
The copper market has CRACKED. Spot prices flared out into a MASSIVE backwardation of over $300 per tonne as stocks continue to be pulled off the LME. This is the largest spread since 2021, and we all remember what happened then…
Axies Ventures retweeted
Copper inventories are tightening at a pace rarely seen outside a genuine supply squeeze.
LME on-warrant stock fell 35% in one week to 131,000 tonnes, per exchange data, with Shanghai down a further 20% and the Yangshan premium back at its May 2025 peak.
The tightening comes even as macro uncertainty holds the price in check. A divergence between paper and physical worth watching into the US tariff decision.
Axies Ventures retweeted
#Copper - Citi turns bullish on copper with one-year forecast of $15,000 per ton
cnbc.com/2026/06/01/citi-bul…
Axies Ventures retweeted
#palm good news
Federal government announces $40 million to establish Canadian Digital Core Library to advance mineral exploration. 🇨🇦 sudbury.com/local-business/v…
Axies Ventures retweeted
As ever #ajax and @axiesventures with the right projects and in this market there are predators looking to pick up copper gold projects. See the Ajax news today.
“Dr. Copper” is getting a new diagnosis. 🩺⚡
Strategic demand from electrification, AI infrastructure and defense is reshaping the copper market, driving prices and mining stocks toward record highs. With supply constrained and demand mission‑critical, copper is being revalued as core infrastructure. sprott.com/insights/beyond-d…
Axies Ventures retweeted
#Copper - Cost of copper must rise substantially to meet basic copper needs
techxplore.com/news/2026-02-…
Axies Ventures retweeted
The king of Copper Robert Friedland:
"We've mined 700 million tonnes since 4000 BC and at the current rate we need to mine 700 million tonnes in the next 18 years alone.... The demand for Copper is insane and the miners are going to hold up the whole world trying to find it."
Axies Ventures retweeted
The easy copper is gone.
New supply now requires:
- Deeper drilling
- Lower ore grades
- Smaller, more complex deposits
That means higher costs, longer timelines, and more capital risk.
Which is exactly why copper remains one of the most attractive long-term setups in commodities
Axies Ventures retweeted
UBS Hikes Copper Target to $13,000 per tonne 📈
As reported by Reuters, UBS has aggressively updated its projections. The bank raised March forecasts by $750 and mid-year targets by $1,000, predicting prices will climb to a new high of $13,000 by Dec 2026.
The Catalysts:
⚡ Demand: Powered by AI data centers & EVs.
⛏️ Supply: "Persistent mine disruptions" widening the gap.
Read more: miningvisuals.com/post/ubs-h…
Axies Ventures retweeted
Copper: More than 3% of global copper supply is currently offline and significant ramp-up issues at major new copper mines continue (see QB2) ⚠️⛏️
