Live Updates > Live Update Details
2026-04-09 10:05:56
[Mining executives: Copper is poised to be the best-performing metal this year, with structural supply and demand imbalances supporting a long-term bullish outlook] (1) Vizsla Copper Corp CEO Craig Parry said copper could be the standout metal in the current cycle, outperforming gold and silver this year. This is due to the clash between structural supply constraints and strong long-term demand drivers. Unlike the urbanization drive in China in the early 2000s, this round of drivers is broader and more persistent (global electrification, green energy transition, and infrastructure investment). (2) The copper industry faces a severe shortage of new supply: major producers are finding it difficult to maintain existing production levels, and new projects face rising capital costs, licensing challenges, and long development cycles. Meeting future copper demand would require approximately $200 billion in investment, but there are not enough viable projects to absorb the capital. Parry predicts that if supply does not keep up, copper prices could reach $20-30 per pound by the end of this decade. (3) Gold remains supported by central bank gold purchases and geopolitical uncertainty, but recent turmoil in the Middle East has dampened physical demand, and gold prices will rebound once trade flows return to normal. Silver is positioned between gold and copper, with solar energy demand absorbing most of the supply. Parry described the recent sell-off in mining stocks as an "extraordinary opportunity," predicting a sharp revaluation of the sector over the next 12-18 months. Vizsla is advancing exploration plans, including the Palmer project in Alaska.
