--- title: "COPPER: The next global bottleneck? 🔴⚡️" description: "We talk about chips, we talk about data, but we’re forgetting the \"Red Metal\" that powers it all.\n\nS&P Global just released a report that should be a wake-up call for every tech leader and policymaker: The world is facing a 10 million tonne copper deficit by 2040.\n\nThat isn't just a \"shortage\"—it’s a systemic risk to the global economy.\n\nWhy the sudden surge? 📈\nWe are witnessing a \"Perfect Storm\" of demand:\n\nThe AI Revolution: Data centers aren't just about code; they are massive physical infrastructures. Copper demand for AI and robotics is set to more than double by 2040.\n\nThe Energy Transition: You can't have an EV or a green grid without copper. It is the \"Great Enabler\" of electrification.\n\nGeopolitical Stakes: Access to copper is now a national security issue. If you don't have the metal, you can't build the future.\n\nThe Supply Reality Check 🛠️\nThe numbers are sobering:\n\nDemand is jumping from 28mn tonnes to 42mn tonnes.\n\nMine production is expected to peak in 2030 and then decline.\n\nNew mines take years (sometimes decades) to bring online.\n\nThe \"Bottleneck\" Warning ⚠️\nAs Daniel Yergin, Vice-chair of S&P Global, puts it: “At stake is whether copper remains an enabler of progress or becomes a bottleneck to growth and innovation.”\n\nWith prices already surging from $8,000 to over $13,000 per tonne, the cost of building the future just got a lot more expensive.\n\nThe big question for the industry: Will we see a massive pivot to copper recycling and new mining tech, or will the \"Green Transition\" and \"AI Boom\" stall out due to a lack of raw materials?\n\n\nSource: FT" image: https://blog.syzgroup.com/hubfs/2-Jan-08-2026-04-31-07-3129-PM.jpg --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. 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If you made a mistake, please change here USA Country Switzerland Canada: Other than Ontario, Quebec, Alberta Canada: Ontario, Quebec or Alberta USA Other country Language Language English French German Italian I confirm Legal information This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. 8 Jan 2026 - - - #### COPPER: The next global bottleneck? 🔴⚡️ We talk about chips, we talk about data, but we’re forgetting the "Red Metal" that powers it all. S&P Global just released a report that should be a wake-up call for every tech leader and policymaker: The world is facing a 10 million tonne copper deficit by 2040. That isn't just a "shortage"—it’s a systemic risk to the global economy. Why the sudden surge? 📈 We are witnessing a "Perfect Storm" of demand: The AI Revolution: Data centers aren't just about code; they are massive physical infrastructures. Copper demand for AI and robotics is set to more than double by 2040. The Energy Transition: You can't have an EV or a green grid without copper. It is the "Great Enabler" of electrification. Geopolitical Stakes: Access to copper is now a national security issue. If you don't have the metal, you can't build the future. The Supply Reality Check 🛠️ The numbers are sobering: Demand is jumping from 28mn tonnes to 42mn tonnes. Mine production is expected to peak in 2030 and then decline. New mines take years (sometimes decades) to bring online. The "Bottleneck" Warning ⚠️ As Daniel Yergin, Vice-chair of S&P Global, puts it: “At stake is whether copper remains an enabler of progress or becomes a bottleneck to growth and innovation.” With prices already surging from $8,000 to over $13,000 per tonne, the cost of building the future just got a lot more expensive. The big question for the industry: Will we see a massive pivot to copper recycling and new mining tech, or will the "Green Transition" and "AI Boom" stall out due to a lack of raw materials? Source: FT [#Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) ![COPPER: The next global bottleneck? 🔴⚡️](https://blog.syzgroup.com/hubfs/2-Jan-08-2026-04-31-07-3129-PM.jpg) ![COPPER: The next global bottleneck? 🔴⚡️](https://blog.syzgroup.com/hubfs/2-Jan-08-2026-04-31-07-3129-PM.jpg) #### Disclaimer This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. Read More ## Related Articles [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) #### [Uranium miners are down 45% while uranium sits near $90, close to its highs.](https://blog.syzgroup.com/syz-the-moment/uranium-miners-are-down-45-while-uranium-sits-near-90-close-to-its-highs?hsLang=en) Last time miners got crushed while the metal held up was spring 2025… The Uranium Miners ETF nearly tripled in nine months Source: Katusa Research **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 12/10/2026 [Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) #### [Diesel is trading at over $200/barrel...](https://blog.syzgroup.com/syz-the-moment/diesel-is-trading-at-over-200/barrel?hsLang=en) People say oil is the lifeblood of the economy... But the backbone of our economy runs on diesel: - ~80% of US freight by weight - ~80% of global trade moves by sea - Most farming - Most mining Source: Lukas Ekwueme **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 17/09/2026 [Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) #### [COPPER JUST HIT A RECORD HIGH](https://blog.syzgroup.com/syz-the-moment/copper-just-hit-a-record-high?hsLang=en) LME copper has surged above $14,530 per tonne, climbing more than 68% since “Liberation Day” in April 2025. Copper is often called “the metal with a PhD in economics” because demand is closely tied to global growth, construction, electrification and industrial activity. And right now, Dr Copper is sending a powerful signal: Strong economic momentum Rising inflationary pressure Booming demand for electrification and AI infrastructure Copper isn’t just rallying. It may be warning that the global economy is running hotter than expected. Source: Bianco Research **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 08/09/2026 ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. [Discover more](https://blog.syzgroup.com/syz-the-moment) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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