Multiple organizations have warned that a significant supply-demand gap in the copper market is approaching.

According to a study by S&P Global in January this year, the global copper market will face a supply gap of 10 million tons by 2040, when demand is expected to soar to 42 million tons, an increase of about 50% from the current level. At the same time, ING Group predicts that due to existing supply constraints in the market, after a refined copper deficit of 200,000 tons in 2025, the deficit will expand to 600,000 tons in 2026. Charles Cooper, head of copper research at Wood Mackenzie, said: "With economic development, the demand for infrastructure increases; the more infrastructure there is, the more energy is needed, and more energy means higher copper consumption."