{
  "id": 15746960,
  "title": "Copper market faces supply shortfall from 2028, Bloomberg warns",
  "url": "https://urgent.news/2026/10/20/copper-market-faces-supply-shortfall-from-2028-bloomberg-warns",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T13:09:06.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/lifestyle/bpp55ahzr"
  },
  "original_language": "en",
  "account": "Bloomberg warns of copper supply shortage looming by 2028, as global mining sector requires $332 billion in new investments to meet rising clean energy demand. The Energy Transition Metals Outlook report from BloombergNEF projects a potential 20 million metric ton copper shortfall by 2050 due to declining output and insufficient recycling. Electric vehicles and power grid expansion are fueling unprecedented demand growth, with copper usage rising 89% to 23.3 million tons by 2050. Despite $332 billion in needed investment, the report predicts global copper supply will dwindle by 14.5%, from 30 million tons in 2026 to 25.7 million tons by 2050, due to factors like ore quality loss and lagging new mine development. Chile, currently the world's largest copper producer, faces a 4.8 million ton reduction in output by 2050, but its global market share may climb to 28%.",
  "summary": "A BloombergNEF report says global copper mining needs $332bn in new investment to avert a looming supply crisis as demand for clean energy rises.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}