Global Copper Demand Rises as Mine Supply Tightens While China Anchors the Market
Global copper consumption continues to climb, and mine production expands slowly, while refining and demand remain heavily concentrated in China.
Transition Metal Supply Expanded in 2025, Control Remains Concentrated
Copper and lithium led output gains in 2025, while the top three producers still control 70-90% of most key metals.
Silver’s Structural Deficit Widens as Industrial Demand Surges
Silver supply remains flat while industrial demand—driven by solar and electronics—continues to surge, keeping the market in a deepening structural deficit.