Copper Shortage Looms: 10M Tonne Deficit by 2040
Jan 27, 2026
AdvisorAlpha
Summary
Copper demand surges 50% by 2040 as supply lags, creating a 10Mt deficit driven by EVs.
Demand Surge Ahead
Global copper demand to hit 42 million tonnes by 2040, up from 28 million tonnes in 2025.
Equivalent to ~50% growth driven by electrification, EVs, renewables, and digital expansion.
Asia Leads Growth
Asia to account for 60% of total demand increase, fueled by EV adoption and grid upgrades.
AI Data Centers Spike
AI data center copper needs to surge +127% to 2.5 million tonnes by 2040.
Supply Constraints
Production peaks at ~34 million tonnes in 2030, then falls to ~32 million tonnes by 2040.
Creates 10 million tonne deficit (~33% of current demand), risking systemic shortages.
Strategic Implications
Copper emerges as the next critical global commodity amid AI, defense, and energy transition pressures.
Key Takeaway: Investors should eye copper as a high-conviction play on the electrification megatrend, with supply gaps set to drive prices higher.
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About the company
Registration Name – Renaissance Smart Tech Private Limited
Type of Registration- Non-Individual
Separate Identifiable division of RA: Advisor Alpha.
Date of grant and Validity of Registration: July 14, 2025 – Perpetual
SEBI registration No : INH000021818
BSE Enlistment No.: 6793
Office Address: Office No. 508, 5th Floor, B Wing, Mittal Commercial Premises CHS Ltd Off. M.V. Road. Near Mittal Estate, Marol, Andheri (East), Mumbai- 400059
Compliance & Grievance officer
Ms. Nidhi Kamani
Contact number: 8655387833
E-mail: support@advisoralpha.in
Principal Officer
Mr. Nipun Jalan
Contact number: 8655387833
E-mail: support@advisoralpha.in
Investor and compliance
Disclosures
Investment in securities market are subject to market risks. Read all related documents carefully before investing.
Standard Disclaimer: Registration granted by SEBI, enlistment as RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors
Analyst Disclaimer: We, the research analysts and authors of this report, hereby certify that the views expressed in this research report accurately reflect our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s) principally responsible for the preparation of the research report have taken reasonable care to achieve and maintain independence and objectivity in making any recommendations.
SEBI regional office – G Block, Near Bank of India, Plot No. C 4-A, G Block Rd, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
About the company
Registration Name – Renaissance Smart Tech Private Limited
Type of Registration- Non-Individual
Separate Identifiable division of RA: Advisor Alpha.
Date of grant and Validity of Registration: July 14, 2025 – Perpetual
SEBI registration No : INH000021818
BSE Enlistment No.: 6793
Office Address: Office No. 508, 5th Floor, B Wing, Mittal Commercial Premises CHS Ltd Off. M.V. Road. Near Mittal Estate, Marol, Andheri (East), Mumbai- 400059
Compliance & Grievance officer
Ms. Nidhi Kamani
Contact number: 8655387833
E-mail: support@advisoralpha.in
Principal Officer
Mr. Nipun Jalan
Contact number: 8655387833
E-mail: support@advisoralpha.in
Investor and compliance
Disclosures
Investment in securities market are subject to market risks. Read all related documents carefully before investing.
Standard Disclaimer: Registration granted by SEBI, enlistment as RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors
Analyst Disclaimer: We, the research analysts and authors of this report, hereby certify that the views expressed in this research report accurately reflect our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s) principally responsible for the preparation of the research report have taken reasonable care to achieve and maintain independence and objectivity in making any recommendations.
SEBI regional office – G Block, Near Bank of India, Plot No. C 4-A, G Block Rd, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
About the company
Registration Name – Renaissance Smart Tech Private Limited
Type of Registration- Non-Individual
Separate Identifiable division of RA: Advisor Alpha.
Date of grant and Validity of Registration: July 14, 2025 – Perpetual
SEBI registration No : INH000021818
BSE Enlistment No.: 6793
Office Address: Office No. 508, 5th Floor, B Wing, Mittal Commercial Premises CHS Ltd Off. M.V. Road. Near Mittal Estate, Marol, Andheri (East), Mumbai- 400059
Compliance & Grievance officer
Ms. Nidhi Kamani
Contact number: 8655387833
E-mail: support@advisoralpha.in
Principal Officer
Mr. Nipun Jalan
Contact number: 8655387833
E-mail: support@advisoralpha.in
Investor and compliance
Disclosures
Investment in securities market are subject to market risks. Read all related documents carefully before investing.
Standard Disclaimer: Registration granted by SEBI, enlistment as RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors
Analyst Disclaimer: We, the research analysts and authors of this report, hereby certify that the views expressed in this research report accurately reflect our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s) principally responsible for the preparation of the research report have taken reasonable care to achieve and maintain independence and objectivity in making any recommendations.
SEBI regional office – G Block, Near Bank of India, Plot No. C 4-A, G Block Rd, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051