Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Copper’s Perfect Storm: Supply Strains Meet Fed Tailwinds

Global Commodities: Supply disruptions give copper prices breakout velocity

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Commodities

<ul>
<li>Global copper demand is stabilising after months of weakness, even as inventories thin out. The ICSG now expects a 150,000-ton deficit in 2026, reversing its earlier forecast of a surplus.</li>
<li>A softer dollar and expectations of continued Fed easing are improving the backdrop for commodities. The copper–gold ratio sits near 30-year lows, signalling room for mean reversion.</li>
<li>The bullish setup hinges on growth holding up and exceeding the rate of growth of China. Electrification to be the biggest driver.</li>
</ul>


Global copper demand is stabilising after months of weakness, even as inventories thin out. The ICSG now expects a 150,000-ton deficit in 2026, reversing its earlier forecast of a surplus.
A softer dollar and expectations of continued Fed easing are improving the backdrop for commodities. The copper–gold ratio sits near 30-year lows, signalling room for mean reversion.
The bullish setup hinges on growth holding up and exceeding the rate of growth of China. Electrification to be the biggest driver.


Copper Finding Its Pulse in the Fog Of (Hitherto) Weak Demand