Experts warn of a looming copper shortage

Experts warn of a growing copper shortage, which is critical for electronics and renewable energy. Demand has surged nearly 75% since 2020, but major mines in Chile, Peru, and the Democratic Republic of the Congo are struggling to keep up. The U.S. imports half of its copper, with only one-third sourced from recycling. New mining projects face environmental concerns and lengthy permitting processes, while existing mines are projected to produce 15% less copper by 2035. Copper smelting capacity in the U.S. is limited, with only two operating smelters. Trade tensions could disrupt imports from Canada, complicating the supply chain for this essential metal.