铜矿资本开支周期加剧供应挑战-Copper capex cycle reinforces supply challenge

ab 12 January 2026 Global Research Copper Copper capex cycle reinforces supply challenge Limited project approvals -> conviction of supply challenges from 2026 For the past 10yrs medium-term consensus on copper has been bullish but the supply side has found a way to bring enough copper to market to prevent physical shortages. What is different now? Despite increasingly bullish long-term views on copper from the big miners and generally robust returns on new copper projects, project approvals (FIDs) in 2023- ...