How is Dr. Copper doing at the moment?

Industrial metals, including copper, got off to a strong start in the new year. However, demand for copper is high, while there are problems on the supply side. In May 2024, the copper price reached a high but is now trading around US$2,000 higher. Fears that US tariffs will be extended to refined copper are still present. So far, they only affect semi-finished copper products and derivatives. The latest publication of data on global copper demand and supply by the International Copper Study Group shows that global copper mine production rose by around one percent in the first eleven months of 2025.

Some copper projects reached their capacity limits last year, while some mines were able to increase their production. On the other hand, falling ore grades and problems at some large copper mines were reported. Production in Chile fell by around 1.3 percent, while in Peru it rose by 2.4 percent. The Congo also recorded an increase of 6.5 percent. Indonesia suffered a decline in copper production of around 40 percent (Grasberg accident). Demand for copper from China rose by an estimated 5.5 percent in the first eleven months of 2025. China currently accounts for around 58 percent of global consumption of refined copper.

Copper is a metal of the future. It is used in electric mobility and wind turbines, and data centers and artificial intelligence are also driving up demand. Companies that have copper in their projects include Arizona Sonoran Copper Company and Axo Copper.

Arizona Sonoran Copper Company – https://www.commodity-tv.com/ondemand/companies/profil/arizona-sonoran-copper-company-inc/ – owns the Cactus project in Arizona. It has a very good economic rating, simple open-pit mining is possible, a 22-year life is forecast, and the project is nearing operational readiness. A recent private placement has brought fresh money into Arizona Sonoran Copper’s coffers.

Axo Copper – https://www.commodity-tv.com/ondemand/companies/profil/axo-copper-corp/ – owns the La Huerta copper project in Mexico. It covers approximately 11,300 hectares and is a new copper discovery in the promising Sierra Madre belt. The company recently acquired Sapuchi Minera and with it the San Antonio gold project in Mexico.

Current company information and press releases from Axo Copper (- https://www.resource-capital.ch/en/companies/axo-copper-corp/ -) and Arizona Sonoran Copper Company (- https://www.resource-capital.ch/en/companies/arizona-sonoran-copper-company-inc/ -).

Further information is also available in our new battery metals report at the following link: https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

Sources:

https://icsg.org/download/2026-01-21-monthly-press-release/?wpdmdl=9080&refresh=6982d2d7e1dd41770181335;

https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

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