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THE CASE FOR COPPER
Copper sits at the centre of modern infrastructure, electrification and emerging technology.
Demand is being supported by traditional economic growth and new sources of consumption, while declining grades, limited discoveries and increasingly complex development are constraining supply.
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THE COPPER MARKET
From 2016 to 2020, copper prices generally remained between US$5,000–6,500/t. The 2021 squeeze lifted the floor, while 2022–24 brought a period of consolidation rather than a collapse.
In 2025, tightening concentrate markets, declining grades in Chile and tariff-driven inventory shifts contributed to the largest yearly gain in 16 years.
In 2026, copper has held near those highs, with prices reaching records near US$14,500/t as mine disruptions, including Grasberg and Chile, added pressure to an already tighter supply base.
DEMAND
Base demand amplified by emerging global trends
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Traditional
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Population growth
-
Urbanisation
-
Industrialisation
-
Rising living standards
Energy Transition
Renewable power
Electric vehicles
Industry electrification
Grid build-out and storage
Emerging
AI and data centres
Onshoring of supply chains
Strategic stockpiles
Rearmament
Supply
Three Geos constraining growth.
Geological
-
Declining copper grades
-
Few new discoveries
-
Exploration has not replaced depletion
Geotechnical
-
Deeper mines and block caves
-
Longer build times and higher capex
-
A new mine is a decade-scale decision
Geopolitical
-
Security of supply and resource nationalism
-
Rising geopolitical tensions
-
Tariffs, permitting and social licence
COPPERCO'S FOCUS
CopperCo's portfolio is focused on projects in Norway and Sweden, including the Sagvoll and Meråker copper-zinc-gold projects in Norway and the Lainejaur nickel-copper-cobalt project in Sweden.
The company's approach is focused on understanding existing data, identifying exploration targets and advancing the strongest opportunities through disciplined exploration.
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The Case for Copper
From 2016 to 2020 copper prices lived between US$5–6.5k/t. The 2021 squeeze lifted the floor. 2022–24 were a grind, not a collapse.
2025 was the break. Tight concentrates, Chilean grade decline, and tariff-driven inventory shifts pushed the largest yearly gain in 16 years.
2026 has held the highs — records near US$14,500/t — because mine disruptions (Grasberg, Chile) arrived on top of that tighter base.
Demand
Base demand amplified by emerging global trends.
-
Population growth
-
Urbanisation
-
Industrialisation
-
Rising living standards
Traditional
-
Renewable power
-
Electric vehicles
-
Industry electrification
-
Grid build-out and storage
Energy Transition
-
AI and data centres
-
Onshoring of supply chains
-
Strategic stockpiles
-
Rearmament
Emerging
Supply
Three Geos constraining growth.
-
Declining copper grades
-
Few new discoveries
-
Exploration has not replaced depletion
Geological
-
Deeper mines and block caves
-
Longer build times and higher capex
-
A new mine is a decade-scale decision
Geotechnical
-
Security of supply and resource nationalism
-
Rising geopolitical tensions
-
Tariffs, permitting and social licence
Geopolitical