Emkay Global Financial Services said a broad-based “repricing of reality” is unfolding across global metals, driven by structural supply tightness, elevated cost curves, and growing policy support for resource security. The brokerage believes this marks the onset of a new phase in strategic extraction, led by copper and critical minerals, commodities central to global decarbonisation and electrification agendas. Advertisement

Copper prices are currently trading near record highs of around $11,000 per tonne, supported by cyclical recovery, supply disruption at Indonesia’s Grasberg mine, and expectations of US Federal Reserve rate cuts. Demand trends, underpinned by data-center expansion and electrification, suggest a sustained supply deficit over the medium term, creating durable price ta

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