Buy COPPER by Mar 19, 2027.

The copper market keeps getting framed as a demand story. EVs, grids, data centers, electrification. All true. But that is only half of it. The other half is uglier: the deficit is increasingly being forced into existence by mine failures and disrupted output. Grasberg’s September 2025 mudslide pushed recovery back toward 2027, with Reuters citing analyst estimates of roughly 591,000 tonnes of lost copper output between late 2025 and the end of 2026. At the same time, Ivanhoe cut Kamoa-Kakula’s …