Business
The New Oil? Why the World Is Chasing Copper
The sharp rise in copper prices in recent years reflects growing concerns over future supply shortages and rapidly expanding demand. More than a cyclical commodity rally, this reflects a structural shift driven by copper’s critical role in renewable energy, electric vehicles (EVs), power networks, electronics and advanced technologies.
Copper’s unique conductivity, durability and versatility make it difficult to replace in many applications. As governments and industries invest heavily in decarbonization and modernization, demand for copper continues to grow, reinforcing its status as a strategic resource for the coming decades.
Demand Driven by Electrification: The global economy’s move toward cleaner energy and increased electrification is transforming copper demand. Global refined copper consumption reached about 28.2 million tonnes in 2025 and has been growing steadily for more than two decades. Energy-transition-related sectors are expected to account for an increasingly larger share of total consumption in the years ahead.
Green Energy and Electric Vehicles: Renewable energy installations and electric vehicles are among the fastest-growing sources of copper demand. Copper is widely used in solar panels, wind turbines, charging infrastructure, batteries and power transmission systems. Electric vehicles require significantly more copper than conventional internal-combustion-engine vehicles, making the metal a key beneficiary of the global EV transition.
Infrastructure and Urbanization: Construction remains the largest consumer of copper. The metal is essential for electrical wiring, plumbing systems, telecommunications networks and urban infrastructure. Rapid urbanisation in developing economies and investments in power transmission and distribution networks continue to support robust demand growth.
Digitalisation and Consumer Technology: Copper is also indispensable to the digital economy. Smartphones, consumer electronics, data centres, 5G networks and artificial intelligence infrastructure rely heavily on copper due to its superior electrical conductivity. As digitalisation accelerates globally, the metal’s importance continues to expand beyond traditional industrial applications.
Supply Struggles to Keep Pace
While demand is rising steadily, copper supply growth faces significant challenges. The industry is highly concentrated geographically, and bringing new production online is both expensive and time-consuming.Concentrated Production: Global copper mining is dominated by a handful of countries. Chile remains the world’s largest producer, followed by Peru, the Democratic Republic of Congo and China. Together, these countries account for more than half of global mine output, creating supply vulnerabilities whenever disruptions occur in major producing regions.
Declining Ore Grades and Operational Challenges: Many existing copper mines are facing declining ore grades, meaning more material must be processed to produce the same amount of copper. This increases costs and reduces efficiency. Mining operations are also vulnerable to labor disputes, power shortages, adverse weather events and environmental concerns, all of which can disrupt production.
Geopolitical and Regulatory Risks: Resource nationalism, changing mining regulations and environmental restrictions are adding further uncertainty to future supply. Governments in key producing regions are increasingly seeking greater control over natural resources through higher taxes, royalties or stricter regulations. At the same time, environmental approvals for new projects are becoming more complex, raising development costs and delaying production.
Long Development Timelines: One of the biggest constraints facing the copper industry is the length of time required to develop new mines. From exploration to commercial production, a major copper project can take 10 to 20 years. As a result, supply cannot respond quickly to rising demand, increasing the likelihood of periodic market deficits and price volatility.
The Role of Recycling: Copper recycling is becoming increasingly important in balancing global supply. Recycled copper already contributes a meaningful share of the market and offers environmental and economic benefits. However, secondary supply alone is unlikely to meet the rapidly growing demand from electrification and renewable energy investments.
A Strategic Metal for the Future
The long-term outlook for copper remains constructive, primarily because demand growth is expected to outpace supply additions over the coming decade. Rapid expansion of electric vehicles, renewable energy projects, battery storage systems, transmission networks, data centers, and AI-driven digital infrastructure will continue to increase copper consumption worldwide.
On the supply side, the industry faces persistent constraints. New mining projects require significant capital investment and often take 10-20 years to move from discovery to production. Declining ore grades, stricter environmental regulations, geopolitical risks, and growing resource nationalism further limit the industry’s ability to respond quickly to rising demand. Although recycling will play a larger role in meeting future requirements, it is unlikely to fully bridge the expected supply gap.
Another key factor supporting copper’s long-term prospects is the lack of viable substitutes in many critical electrical applications. While aluminum can replace copper in certain uses, copper remains the preferred metal because of its superior conductivity, efficiency, and durability. As countries pursue ambitious renewable energy and electrification targets, copper is set to remain at the heart of economic development, making it one of the most strategically important commodities of the coming decade.
(The author is Head of Commodity Research, Geojit Investments Limited)
Business
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Calls for guidance to help Jersey families claim back childcare costs
More guidance for parents claiming back money from the government’s childcare funding scheme is needed, the head of the Jersey Child Care Trust (JCCT) has said.
In February, the government said parents of a child eligible from January to August 2026 could apply for up to £4,180, and parents of children eligible for a full school year from the 1 September 2026 would be able to apply for up to £6,270.
But some families have had problems claiming money back from the States after being told they had provided ‘invalid receipts’ for childcare.
JCCT CEO Fiona Vacher said as it was a pilot scheme, it was likely problems would be discovered.
She said: “We understand that there have been some cases through our contacts with parents and I think that’s around parents submitting bills rather than receipts.
“We knew there would be difficulties and I know the government is just responding to that.”
Vacher said the government could provide “a bit more information for parents about how they and what they submit”.
Deputy Catherine Curtis, the Minister for Education and Lifelong Learning, said 537 applications had been approved for 409 families with £1.4m paid out since the scheme began.
She added that no formal complaints had been recorded but that feedback was “being reviewed to enable continuous improvement”.
Business
Bitcoin trapped in $62.5K-$65.5K range: Live levels

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ACCO Brands Stock: The Pros Outweigh The Cons (NYSE:ACCO)
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ACCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Popular garlic powder recalled over bacteria concerns
FOX Business anchors discuss products they believe are widely overpriced. Answers include bottled water, Dyson hair dryers, luxury handbags, and McDonald’s value meals, sparking a lively debate about quality versus cost among the panel.
A popular garlic powder sold at Dollarama stores across Canada is being recalled due to potential microbial contamination, health officials announced this week.
The Canadian Food Inspection Agency (CFIA) issued the recall Wednesday for Heavenly Spices garlic powder sold at Dollarama stores nationwide.
The product is being recalled because it may be contaminated with Bacillus cereus, a bacterium that can cause nausea, vomiting, abdominal cramps and watery diarrhea, according to the U.S. Food and Drug Administration.
“Do not use, sell, serve or distribute the affected product,” the CFIA said in its recall notice.
TAYLOR FARMS PREPARING RECALL, DENIES BRANDED SALADS TIED TO OUTBREAK

The Canadian Food Inspection Agency recalled Heavenly Spices garlic powder sold at Dollarama stores nationwide due to potential bacterial contamination. (Andrej Ivanov/Bloomberg via Getty Images / Getty Images)
The agency classified the recall as a Class 2 event, meaning there is a moderate risk that consuming the product could cause short-term or non-life-threatening health effects.
A Dollarama spokesperson told CTVNews.ca on Friday that customers who purchased the product should throw it away.
“Customers can also contact Dollarama Customer Service directly for a $2.00 e-gift card as a replacement,” the spokesperson said.
The recalled garlic powder was sold in 70-gram containers in stores and online.
GENERAL MILLS PULLS MORE THAN 735,000 PILLSBURY ROLLS FROM SHELVES OVER POSSIBLE GLASS CONTAMINATION

The Canadian Food Inspection Agency recalled Heavenly Spices garlic powder sold at Dollarama stores over concerns it may be contaminated with Bacillus cereus. (iStock)
According to the FDA, symptoms of Bacillus cereus infection typically last between 24 and 48 hours. The bacterium is commonly found in meat, stews, gravies, vanilla sauce, and cooked rice that has been improperly refrigerated or left at room temperature.
The garlic powder is the latest food product to be pulled from store shelves.
Earlier this week, the FDA announced that General Mills was recalling more than 735,000 packages of Pillsbury bread products over concerns they may contain glass.
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Heavenly Spices garlic powder is being recalled after Canadian health officials warned the product may be contaminated with Bacillus cereus, a bacterium that can cause foodborne illness.
Bloomberg News also reported that fresh produce supplier Taylor Farms is preparing a recall tied to ingredients linked to a multistate Cyclospora outbreak, though the company has said its branded salad products are not associated with the illnesses.
Business
Zeta Global Stock: One Of A Small Number Of AI Stocks Actually Delivering (NYSE:ZETA)
Investing wisely does not have to be rocket science. It is about discipline and running the numbers. You don’t have to be like a grandmaster chess player playing the game twenty moves ahead of your opponent, you just need to understand how the pieces work.
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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Tech selloff weighs on European shares ahead of ECB meeting next week
The pan-European STOXX 600 index fell 0.34% to 641.53 points. It was largely unchanged for the week.
A rise in oil prices stemming from the escalating Middle East conflict, and lacklustre reaction even to strong earnings this week, have complicated the market backdrop.
Investors had hoped that solid results would direct attention away from geopolitics and towards corporate fundamentals, potentially providing momentum for equities.
However, tech stocks slipped 3.27% this week even after ASML, the dominant supplier of equipment needed to make high-tech computer chips, raised its 2026 sales forecasts.
The subdued reaction underscores the high bar companies have to clear to lure investors into equities, at a time when sentiment towards major AI winners has soured and uncertainty over inflation persists.
The tech-heavy Nasdaq dropped 0.98%. Taiwanese equities, a major AI beneficiary in the emerging market universe, dropped 6.47%.
WAR RAGES ON IN MIDDLE EAST
Meanwhile, the U.S. struck bridges and an airport in Iran on Friday, while Tehran responded by hitting a power and desalination plant in Kuwait, one of the Gulf countries that host U.S. airbases. “There is clearly a real disconnect between what Iran believes it can achieve and what the U.S. wants. That is causing some dissonance in markets,” said Steven Schoenfeld, CEO of MarketVector Indexes.
FOCUS TURNS TO ECB NEXT WEEK
Rising energy prices have also sharpened the focus on the European Central Bank, which is widely expected to keep interest rates unchanged on July 23. Investors still expect a second rate hike later this year.
Utilities stocks rose 1.55% and were the biggest gainers on the European benchmark on Friday, while luxury were the best-performing sector for the week.
Britain’s Burberry slipped 6.38% after the luxury group said the Middle East conflict had weighed on tourist spending in Europe.
Saab rose 9.73% after the Swedish defence and aerospace group reported a bigger-than-expected increase in second-quarter operating profit.
Among other top movers, Norwegian recycling technology company Tomra Systems jumped 11.87% after upbeat quarterly results, while Swedish tech company Lagercrantz slid 7.09% on downbeat quarterly core earnings.
Volvo Group dipped 0.64% even after theSwedish truckmaker reported a 35% jump in second-quarter profit.
Private equity firm EQT gained 11.02%. Australia’s Perpetual rejected a sweetened A$2.5 billion ($1.75 billion) takeover proposal from the Swedish company.
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