Kincora Copper Ltd V.KCC

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The world has a serious Copper problem. The critical mineral is essential to virtually all aspects of green energy, EVs, and general modern living. And the copper supply gap — the difference between anticipated future demand and restricted supply — is currently expected to widen over the next few years, despite ongoing fears of a global recession.

ASX copper stocks: supply gap

Three leading figures in the world of copper have recently further developed the copper shortage debate.

First, there’s Kostas Bintas, the co-head of the world’s largest copper trader Trafigura, who has highlighted Cu ‘as the most critical metal globally given the shortage in the market,’ especially as the world ‘only had 3.5 days of copper stock equivalent at the end of last year.’ Bintas thinks copper could reach a record $12,000/tonne over the next 12 months.