Governments Hoard Copper Causing Long-Term Shortage

Bryan Lutz reports governments and firms are hoarding copper amid a looming supply shortfall, saying the world needs about 8 million tonnes of new capacity by 2035 while industry has invested only roughly one-third of the $210 billion required. Global exchange stocks topped about 1.012 million tonnes, the US doubled imports to 1.7 million tonnes and launched a $12 billion "Project Vault", signaling strategic stockpiling despite long-term shortages.