Global copper prices are surging due to a production halt at Indonesia’s Grasberg mine, the world’s second-largest, sparking supply crunch fears. Goldman Sachs has lowered its copper mine supply estimates for 2025 and 2026, anticipating prices to rise potentially to $10,200–$10,500 a ton. Motilal Oswal remains bullish, projecting copper to reach all-time highs, driven by decarbonization, electrification, and digitalization.