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A Shortage of Ore is Causing a Pricing Revolution in Copper

Bloomberg Markets Thursday 12 November 2026, 20:51 UTC By Julian Luk and Jack Farchy 1 min read
Key Points

A Shortage of Ore is Causing a Pricing Revolution in Copper The decades-old system that the copper industry uses to price mined ores is fracturing in the face of an acute shortage. Since at least the 1980s, a once-a-year negotiation between a leading mining company and a large copper smelter has set an annual ‘benchmark’ price that is used across the market to determine how the two giant industries share out the profits of producing copper.

A Shortage of Ore is Causing a Pricing Revolution in Copper The decades-old system that the copper industry uses to price mined ores is fracturing in the face of an acute shortage. Since at least the 1980s, a once-a-year negotiation between a leading mining company and a large copper smelter has set an annual ‘benchmark’ price that is used across the market to determine how the two giant industries share out the profits of producing copper.
Originally published by Bloomberg Markets Read original →

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