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According to estimates by the United States Geological Survey (USGS), there are currently around 890 million tons of copper reserves. Reserves are deposits that have been discovered and evaluated and are economically viable for mining. Resources, on the other hand, are more broadly defined. They also include undiscovered deposits. Copper resources are estimated to amount to between 2,100 and 3,500 million tons. This does not include copper quantities from deep-sea nodules or other submarine sulfides.

Copper’s good recyclability and modern exploration methods also ensure that it will not run out. Copper can even be recycled repeatedly, which is something that not many raw materials can claim. Copper production from new mines is particularly important for the necessary supply of copper. And demand for the reddish metal is rising. This is because population growth, innovative new products, and technologies all require copper.

Following the price increases for gold and silver, more and more voices are seeing copper as the next high-flyer. Goldman Sachs, the well-known investment bank, has just announced that the price of copper is heading towards US$15,000 per ton. Goldman Sachs is otherwise known for its conservative estimates. After all, there is a structural supply deficit for copper. In the US, copper has been designated a critical metal. According to estimates by Goldman Sachs, there could be a significant supply deficit (3.2 million tons of copper) in 2030, which is good news for companies with copper in the ground.

Mogotes Metals – https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ – is in the exploration and development stage and has copper and gold projects in the promising Vicuña district in Argentina and Chile. The Filo Sur copper project (Argentina) appears particularly promising. A private placement has brought new money into the company’s coffers.

Axo Copper – https://www.commodity-tv.com/ondemand/companies/profil/axo-copper-corp/ – owns the La Huerta copper project in Mexico. It covers approximately 11,300 hectares and is a new copper discovery in the promising Sierra Madre belt. The company recently acquired Sapuchi Minera and with it the San Antonio gold project in Mexico, which is at an advanced stage.

Current company information and press releases from Axo Copper (- https://www.resource-capital.ch/en/companies/axo-copper-corp/ -) and Mogotes Metals (- https://www.resource-capital.ch/en/companies/mogotes-metals-inc/ -)

Further information is also available in our new battery metals report at the following link: https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

Sources:

https://icsg.org/long-term-availability-of-copper/;

https://www.wallstreet-online.de/nachricht/20471415-extrem-spannend-goldman-15-000-usd-kupfer-explorer-unbekannt;

https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-11-update/

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