Mittelstandspresse
03.08.2026
Copper Price Remains Strong Despite a Copper Surplus
It is the long-term growth in demand for copper - a key economic indicator - that is bolstering the price despite the current surplus.
Herisau, 03.08.2026 (PresseBox) - Advertisement - This article is distributed on behalf of Mogotes Metals Inc. and Blue Moon Metals Inc., with which SRC swiss resource capital AG has paid IR consulting agreements. Producer: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: August 01, 2026, 10:15 a.m. Zurich/Berlin ·
According to the latest figures from the International Copper Study Group in its July Copper Bulletin, the preliminary global balance for refined copper for the first five months of the current year shows a surplus of 221,000 metric tons. The economic and energy crisis triggered by the U.S.-Iran war has not prevented a slight rise in the price of copper. This is because, on the one hand, demand is growing, and on the other, supply is tight. Dominic Schnider, an analyst at the major Swiss bank UBS, expects a copper market shortage of approximately 520,000 metric tons for the full year 2026.
Certain risks continue to dominate the copper market. These include the threat of U.S. tariffs and the shortage of sulfuric acid. For mining companies such as Rio Tinto, rising commodity prices - such as those for copper - led to significantly higher profits. And the tight supply is reflected in global copper mine production, which declined by 1.6 percent in the first five months of 2026. This decline is attributable to lower production at Chilean mines and reduced output in the Congo and Indonesia.
According to research by the International Copper Study Group, the data suggests that global consumption of refined copper rose by 2.2 percent in the first five months of 2026. From a global perspective, consumption excluding China rose by about one percent, while demand in China increased by an estimated three percent. Incidentally, China accounts for about 59 percent of global refined copper consumption.
Mogotes Metals - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ - is in the exploration and development stage and owns copper, silver, and gold projects in the promising Vicuña District in Argentina and Chile. The Filo Sur copper project (Argentina) appears particularly promising, with drilling rigs currently in operation there. Promising drill results have already been published. The most recent drill results revealed molybdenum in addition to copper, gold, and silver. The positive results were observed in the drill core at a shallow depth of 108 meters. Rio Tinto Exploration Canada has confirmed the potential of Filo Sur through a strategic investment in Mogotes Metals.
Blue Moon Metals - https://www.commodity-tv.com/ondemand/companies/profil/blue-moon-metals-inc/ - owns five polymetallic brownfield projects, including the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project in Norway. In the U.S., the company holds the Blue Moon zinc-gold-silv er-copper project, the Springer tungsten-molybdenum project (already largely approved), and the Apex germanium-gallium-copper project. All projects are strategically located and have existing infrastructure. The investment decision to proceed with construction has been made for the Nussir project.
Current company information from Mogotes Metals (- https://www.resource-capital.ch/de/unternehmen/mogotes-metals-inc/ -) and Blue Moon Metals (- https://www.resource-capital.ch/de/unternehmen/blue-moon-metals-inc/ -).
You can also find further information in our new Battery Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2026-03/.
Sources: Blue Moon Metals, Mogotes Metals,
https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2026-03/.
Pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of the Market Abuse Regulation (MAR) (EU) 2016/958, we hereby note that authors, employees, and affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/Relationship: IR contracts/advertorials: Author’s own positions: none; SRC net position: less than 0.5%; Issuer’s stake in SRC ≥ 5%: no. Update Policy: No obligation to update. No guarantee regarding the German translation. Only the English version of this news release is authoritative.
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Copper Price Remains Strong Despite a Copper Surplus
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