Copper's Supply Shortage Could Boost Prices, Benefit Miners -- Market Talk

Dow Jones11-27

0620 GMT - The growing copper supply shortage could drive prices of the commodity higher, DBS Group Research's Eun Young Lee says in a note. Average prices of the base metal are likely to increase by 3.1% to $9,900 a ton in 2026, as the supply dearth could rise to 316,000 tons next year, the analyst says. The shortage likely stems from sustained demand growth, driven by investments in data centers and power grids, she adds. The analyst also notes limited supply growth in mined copper, given severe disruptions and falling ore grades. Chinese copper-mining companies could benefit, with Zijin Mining and MMG as DBS's top picks. The former has a strong gold and copper asset portfolio, while the latter is an ideal copper proxy as it derives 74% of its revenue from the metal. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 27, 2025 01:20 ET (06:20 GMT)

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(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 27, 2025 01:20 ET (06:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Copper's Supply Shortage Could Boost Prices, Benefit Miners -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCopper's Supply Shortage Could Boost Prices, Benefit Miners -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-27 14:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0620 GMT - The growing copper supply shortage could drive prices of the commodity higher, DBS Group Research's Eun Young Lee says in a note. Average prices of the base metal are likely to increase by 3.1% to $9,900 a ton in 2026, as the supply dearth could rise to 316,000 tons next year, the analyst says. The shortage likely stems from sustained demand growth, driven by investments in data centers and power grids, she adds. The analyst also notes limited supply growth in mined copper, given severe disruptions and falling ore grades. Chinese copper-mining companies could benefit, with <a href=\"https://laohu8.com/S/02899\">Zijin Mining</a> and MMG as DBS's top picks. The former has a strong gold and copper asset portfolio, while the latter is an ideal copper proxy as it derives 74% of its revenue from the metal. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 27, 2025 01:20 ET (06:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1770036033.HKD","symbol_name":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2586140211","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586140211","pubTimestamp":1764224400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0620 GMT - The growing copper supply shortage could drive prices of the commodity higher, DBS Group Research's Eun Young Lee says in a note. 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Average prices of the base metal are likely to increase by 3.1% to $9,900 a ton in 2026, as the supply dearth could rise to 316,000 tons next year, the analyst says. The shortage likely stems from sustained demand growth, driven by investments in data centers and power grids, she adds. The analyst also notes limited supply growth in mined copper, given severe disruptions and falling ore grades. Chinese copper-mining companies could benefit, with Zijin Mining and MMG as DBS's top picks. The former has a strong gold and copper asset portfolio, while the latter is an ideal copper proxy as it derives 74% of its revenue from the metal. 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